Cerity Partners LLC Increases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Cerity Partners LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 454.0% during the 4th quarter, HoldingsChannel reports. The firm owned 11,363 shares of the apparel retailer’s stock after acquiring an additional 9,312 shares during the period. Cerity Partners LLC’s holdings in Lululemon Athletica were worth $5,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rockline Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. lifted its holdings in shares of Lululemon Athletica by 30.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after buying an additional 44,141 shares during the period. Blair William & Co. IL lifted its holdings in shares of Lululemon Athletica by 1.9% in the 3rd quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock valued at $112,081,000 after buying an additional 5,403 shares during the period. HB Wealth Management LLC raised its holdings in Lululemon Athletica by 10.9% during the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after purchasing an additional 168 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Lululemon Athletica by 42.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after purchasing an additional 805 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the subject of several research reports. Truist Financial reduced their price objective on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. HSBC reduced their price objective on Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Oppenheimer reaffirmed an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Evercore ISI reduced their price objective on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, Piper Sandler cut their price target on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $485.39.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Lululemon Athletica Trading Up 1.3 %

LULU stock opened at $338.98 on Wednesday. The stock has a 50-day moving average price of $427.21 and a two-hundred day moving average price of $439.92. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The company has a market cap of $42.71 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the business earned $4.40 earnings per share. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Lululemon Athletica Company 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.