Aigen Investment Management LP Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Aigen Investment Management LP bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,829 shares of the apparel retailer's stock, valued at approximately $2,229,000.

A number of other institutional investors also recently modified their holdings of LULU. Farther Finance Advisors LLC raised its stake in shares of Lululemon Athletica by 58.0% in the third quarter. Farther Finance Advisors LLC now owns 3,461 shares of the apparel retailer's stock valued at $939,000 after acquiring an additional 1,270 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $221,000. Harbor Capital Advisors Inc. raised its position in Lululemon Athletica by 6.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,284 shares of the apparel retailer's stock worth $1,162,000 after purchasing an additional 242 shares during the last quarter. Confluence Wealth Services Inc. bought a new position in Lululemon Athletica in the 3rd quarter worth approximately $211,000. Finally, National Pension Service raised its position in Lululemon Athletica by 8.7% in the 3rd quarter. National Pension Service now owns 258,150 shares of the apparel retailer's stock worth $70,049,000 after purchasing an additional 20,564 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Down 1.0 %

Shares of LULU stock traded down $3.58 on Friday, hitting $344.36. The stock had a trading volume of 1,717,367 shares, compared to its average volume of 1,609,106. The firm has a market cap of $41.94 billion, a P/E ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company has a fifty day moving average price of $382.97 and a two-hundred day moving average price of $332.86.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 17.05% and a return on equity of 42.16%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 EPS. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays boosted their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Needham & Company LLC upgraded shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price objective for the company in a research report on Friday, January 10th. Morgan Stanley boosted their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. Finally, KeyCorp boosted their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $399.14.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were 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 directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % 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 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.