Tilia Fiduciary Partners Inc. Acquires Shares of 9,056 Lululemon Athletica Inc. (NASDAQ:LULU)

Tilia Fiduciary Partners Inc. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, according to its most recent filing with the SEC. The fund bought 9,056 shares of the apparel retailer’s stock, valued at approximately $2,457,000. Lululemon Athletica accounts for 1.7% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Lululemon Athletica by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after buying an additional 154,985 shares during the period. Value Star Asset Management Hong Kong Ltd lifted its position in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Lululemon Athletica by 4.9% in the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after acquiring an additional 82,731 shares during the period. Legal & General Group Plc grew its position in shares of Lululemon Athletica by 3.7% in the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock valued at $310,763,000 after purchasing an additional 37,239 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Lululemon Athletica by 38.2% during the 2nd 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 during the period. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % 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, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Robert W. Baird reduced their target price on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. KeyCorp lowered their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Guggenheim reduced their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen lowered their price objective on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Piper Sandler raised their price target on Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $354.55.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $3.28 during mid-day trading on Wednesday, hitting $273.31. 374,992 shares of the stock traded hands, compared to its average volume of 2,118,331. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.40 and a beta of 1.25. The stock has a fifty day moving average price of $258.20 and a 200-day moving average price of $301.25. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $2.68 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Lululemon Athletica 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.