723 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Northeast Investment Management

Northeast Investment Management purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 723 shares of the apparel retailer’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares during the period. International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after purchasing an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. grew its position in Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after purchasing an additional 19,808 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after purchasing an additional 185,440 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Lululemon Athletica by 60.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock worth $148,201,000 after buying an additional 205,757 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 3.3 %

Shares of LULU opened at $398.10 on Friday. The stock has a 50 day simple moving average of $387.61 and a 200-day simple moving average of $316.02. The stock has a market cap of $48.48 billion, a PE ratio of 28.74, a PEG ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $2.53 earnings per share. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. KeyCorp increased their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Citigroup increased their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $399.67.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate 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.