Xponance Inc. Purchases 1,262 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Xponance Inc. increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 27,847 shares of the apparel retailer’s stock after buying an additional 1,262 shares during the quarter. Xponance Inc.’s holdings in Lululemon Athletica were worth $8,318,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Value Star Asset Management Hong Kong Ltd grew its position in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares during the period. Vanguard Group Inc. boosted its position in shares of Lululemon Athletica by 32.3% during the 4th quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock valued at $4,955,918,000 after acquiring an additional 2,369,119 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Lululemon Athletica by 32.7% during the fourth quarter. Northern Trust Corp now owns 1,046,011 shares of the apparel retailer’s stock worth $534,815,000 after purchasing an additional 257,944 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Lululemon Athletica by 2,485.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 238,664 shares of the apparel retailer’s stock worth $122,027,000 after purchasing an additional 229,433 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lululemon Athletica by 38.2% in the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $259.80 on Tuesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm has a fifty day moving average price of $259.24 and a 200-day moving average price of $316.11. The stock has a market cap of $32.48 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm earned $2.68 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, research analysts expect that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Truist Financial reissued a “buy” rating and issued a $310.00 price target on shares of Lululemon Athletica in a research note on Wednesday, August 28th. HSBC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $405.00 to $425.00 in a research report on Thursday, June 6th. UBS Group decreased their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Morgan Stanley cut their price target on shares of Lululemon Athletica from $329.00 to $326.00 and set an “overweight” rating on the stock in a report on Sunday, September 1st. Finally, Wells Fargo & Company cut their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.94.

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.