Capital Advisors Wealth Management LLC Has $765,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital Advisors Wealth Management LLC lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,000 shares of the apparel retailer’s stock after buying an additional 115 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Lululemon Athletica were worth $765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LULU. SeaCrest Wealth Management LLC grew its stake in Lululemon Athletica by 2.6% in 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 in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after buying an additional 42 shares during the last quarter. Claro Advisors LLC grew its stake in shares of Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after buying an additional 48 shares in the last quarter. Capital Market Strategies LLC increased its holdings in Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after buying an additional 50 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in Lululemon Athletica by 2.7% during the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock worth $574,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of analyst reports. TD Cowen lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. TD Securities lifted their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler boosted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays boosted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $370.99 on Friday. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The stock has a fifty day moving average price of $360.19 and a 200-day moving average price of $303.57.

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

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was 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 $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value 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. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.