Sanctuary Advisors LLC Acquires 268 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Sanctuary Advisors LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,899 shares of the apparel retailer’s stock after acquiring an additional 268 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lululemon Athletica were worth $3,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares during the period. International Assets Investment Management LLC grew its position in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Lululemon Athletica by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after buying an additional 19,808 shares during the last quarter. Montrusco Bolton Investments Inc. raised its position in Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after acquiring an additional 185,440 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Lululemon Athletica by 60.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after acquiring an additional 205,757 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $358.97 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The firm has a market cap of $43.72 billion, a PE ratio of 25.92, a PEG ratio of 2.23 and a beta of 1.19. The company has a 50 day simple moving average of $388.35 and a two-hundred day simple moving average of $324.60.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on LULU. Morgan Stanley raised their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price target for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Piper Sandler lifted their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

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.