Principal Securities Inc. Buys 806 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Principal Securities Inc. lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,854 shares of the apparel retailer’s stock after purchasing an additional 806 shares during the quarter. Principal Securities Inc.’s holdings in Lululemon Athletica were worth $1,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. International Assets Investment Management LLC increased its position in shares of Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Lululemon Athletica during the 3rd quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company grew its stake in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after acquiring an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $81,405,000. Finally, River Road Asset Management LLC bought a new stake in shares of Lululemon Athletica in the third quarter worth $79,503,000. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on LULU. Citigroup lifted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. KeyCorp raised their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Truist Financial upped their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays raised their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, TD Cowen upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Buying and Selling at Lululemon Athletica

In related 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 1.6 %

NASDAQ LULU opened at $372.44 on Wednesday. The company has a market cap of $45.36 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.51 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 business’s fifty day moving average is $390.61 and its 200 day moving average is $322.16.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.