GAMMA Investing LLC Raises Position in Lululemon Athletica Inc. (NASDAQ:LULU)

GAMMA Investing LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 56.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,515 shares of the apparel retailer’s stock after acquiring an additional 548 shares during the period. GAMMA Investing LLC’s holdings in Lululemon Athletica were worth $579,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LULU. Larson Financial Group LLC grew its stake in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the period. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter worth about $29,000. HHM Wealth Advisors LLC increased its stake in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Lululemon Athletica by 127.5% during the 3rd 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 during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Lululemon Athletica during the second quarter worth about $36,000. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LULU shares. Piper Sandler raised their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Raymond James raised their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.63.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $378.18 on Friday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $502.00. The business has a fifty day moving average price of $347.22 and a 200-day moving average price of $299.02. The firm has a market capitalization of $46.06 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated 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 sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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.