World Investment Advisors LLC Takes $15.04 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

World Investment Advisors LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 55,419 shares of the apparel retailer's stock, valued at approximately $15,038,000.

A number of other hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC increased its position 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 buying an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth about $29,000. JFS Wealth Advisors LLC increased its holdings in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Lululemon Athletica in the 2nd quarter valued at about $33,000. Finally, HHM Wealth Advisors LLC lifted its holdings in Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the company'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 transaction of $10,085,779.80. Following the completion of the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research reports. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Oppenheimer dropped their target price on Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. Wedbush reduced their price target on Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating for the company in a research report on Wednesday, August 28th. Needham & Company LLC reissued a "hold" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Truist Financial lifted their target price on Lululemon Athletica from $360.00 to $420.00 and gave the company a "buy" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $377.63.

Lululemon Athletica Trading Down 2.6 %

LULU stock traded down $10.42 during midday trading on Thursday, hitting $389.33. The company had a trading volume of 1,568,120 shares, compared to its average volume of 2,125,005. The stock has a market cap of $47.80 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The stock's 50 day moving average price is $313.85 and its 200 day moving average price is $290.16.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted 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. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 EPS. Analysts predict that Lululemon Athletica Inc. will post 14.19 earnings per share for the current 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.