Cromwell Holdings LLC Purchases 274 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Cromwell Holdings LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 258.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 380 shares of the apparel retailer’s stock after buying an additional 274 shares during the period. Cromwell Holdings LLC’s holdings in Lululemon Athletica were worth $145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LULU. Shepherd Financial Partners LLC acquired a new stake in Lululemon Athletica in the 3rd quarter worth about $953,000. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after purchasing an additional 34,704 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in Lululemon Athletica by 876.8% during the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after purchasing an additional 1,815 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Telsey Advisory Group upped their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Raymond James reiterated an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s 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 completion of the sale, 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 disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Down 0.4 %

Shares of NASDAQ:LULU opened at $365.82 on Friday. The firm has a market capitalization of $44.55 billion, a PE ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 1.19. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company has a 50-day moving average price of $389.00 and a two-hundred day moving average price of $323.73.

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