W.G. Shaheen & Associates DBA Whitney & Co Acquires 248 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

W.G. Shaheen & Associates DBA Whitney & Co grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,009 shares of the apparel retailer’s stock after buying an additional 248 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Lululemon Athletica were worth $5,357,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth $32,000. Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the fourth quarter worth about $33,000. Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $36,000. Finally, Pittenger & Anderson Inc. lifted its stake in Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Trading Down 1.9 %

Shares of LULU opened at $358.97 on Monday. The stock has a market capitalization of $43.72 billion, a PE ratio of 25.92, a P/E/G ratio of 2.22 and a beta of 1.19. The firm’s 50 day moving average is $388.35 and its 200-day moving average is $325.86. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LULU. JPMorgan Chase & Co. raised their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. TD Securities lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler increased their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Morgan Stanley lifted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, TD Cowen increased their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.