Cwm LLC Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Cwm LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 67.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,258 shares of the apparel retailer’s stock after buying an additional 909 shares during the period. Cwm LLC’s holdings in Lululemon Athletica were worth $1,154,000 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 stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Lululemon Athletica by 6.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,875 shares of the apparel retailer’s stock worth $13,741,000 after buying an additional 1,660 shares during the period. Signaturefd LLC lifted its holdings in Lululemon Athletica by 5.8% during the fourth quarter. Signaturefd LLC now owns 4,021 shares of the apparel retailer’s stock worth $2,056,000 after buying an additional 221 shares during the period. Lindbrook Capital LLC lifted its holdings in Lululemon Athletica by 83.8% during the fourth quarter. Lindbrook Capital LLC now owns 647 shares of the apparel retailer’s stock worth $331,000 after buying an additional 295 shares during the period. Vantage Investment Partners LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $15,565,000. Finally, Greenleaf Trust lifted its holdings in Lululemon Athletica by 17.6% during the fourth quarter. Greenleaf Trust now owns 2,321 shares of the apparel retailer’s stock worth $1,187,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LULU shares. KeyCorp lowered their target price on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Piper Sandler decreased their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. TD Cowen decreased their price objective on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Truist Financial decreased 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. Finally, JPMorgan Chase & Co. decreased their price objective on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $481.96.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU opened at $364.70 on Friday. The business’s 50-day moving average is $410.57 and its two-hundred day moving average is $438.70. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The company has a market capitalization of $45.96 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.27 and a beta of 1.30.

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