Empowered Funds LLC Raises Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Empowered Funds LLC boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,123 shares of the apparel retailer’s stock after purchasing an additional 387 shares during the period. Empowered Funds LLC’s holdings in Lululemon Athletica were worth $812,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LULU. Net Worth Advisory Group bought a new position in Lululemon Athletica during the third quarter valued at about $348,000. Wealth Advisory Solutions LLC purchased a new position in Lululemon Athletica in the third quarter valued at about $5,423,000. Whittier Trust Co. grew its position in shares of Lululemon Athletica by 2,868.1% during the 3rd quarter. Whittier Trust Co. now owns 25,229 shares of the apparel retailer’s stock valued at $6,845,000 after acquiring an additional 24,379 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Lululemon Athletica by 250,520.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 12,531 shares of the apparel retailer’s stock valued at $3,400,000 after acquiring an additional 12,526 shares during the period. Finally, RBA Wealth Management LLC increased its stake in shares of Lululemon Athletica by 19.9% during the 3rd quarter. RBA Wealth Management LLC now owns 11,743 shares of the apparel retailer’s stock worth $3,186,000 after purchasing an additional 1,948 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Telsey Advisory Group lifted their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Guggenheim upped their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, TD Cowen lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s 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 completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $366.68 on Tuesday. The company has a market capitalization of $44.65 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company has a fifty day moving average of $391.37 and a 200-day moving average of $321.33.

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