Peterson Wealth Services Has $3.08 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Peterson Wealth Services grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,044 shares of the apparel retailer’s stock after purchasing an additional 149 shares during the period. Peterson Wealth Services’ holdings in Lululemon Athletica were worth $3,076,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC raised its position in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth approximately $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $38,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LULU shares. Truist Financial lifted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Guggenheim boosted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $399.71 on Tuesday. The stock has a market cap of $48.68 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The stock has a fifty day moving average price of $387.61 and a 200 day moving average price of $316.58.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

About Lululemon Athletica

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.