Transamerica Financial Advisors Inc. Buys 55 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Transamerica Financial Advisors Inc. grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326 shares of the apparel retailer’s stock after acquiring an additional 55 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Lululemon Athletica were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Beacon Capital Management LLC increased its holdings in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC grew its position in Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. raised its stake in shares of Lululemon Athletica by 3.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after buying an additional 30 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 14.2 %

Shares of LULU opened at $293.06 on Friday. The firm has a market cap of $35.69 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company’s 50-day moving average price is $364.63 and its 200 day moving average price is $339.62. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.29 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

LULU has been the subject of several recent research reports. Morgan Stanley reduced their price target on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research report on Friday. BTIG Research dropped their target price on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group cut their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research note on Friday. Piper Sandler dropped their price objective on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Evercore ISI upped their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $380.72.

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.