Sib LLC Has $17.71 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Sib LLC trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,299 shares of the apparel retailer’s stock after selling 4,194 shares during the quarter. Lululemon Athletica makes up 9.3% of Sib LLC’s holdings, making the stock its 3rd largest holding. Sib LLC’s holdings in Lululemon Athletica were worth $17,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC increased its position in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after buying an additional 189 shares during the last quarter. Finally, Avondale Wealth Management bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth $68,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lululemon Athletica

In other news, 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 value of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction 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 directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets increased their target price on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Evercore ISI lifted their price target on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Citigroup raised their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Trading Up 0.7 %

NASDAQ:LULU opened at $373.70 on Friday. The stock has a 50 day simple moving average of $361.31 and a 200 day simple moving average of $304.04. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The stock has a market cap of $45.51 billion, a P/E ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Lululemon Athletica Profile

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.