Bank OZK Acquires 849 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Bank OZK raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,870 shares of the apparel retailer's stock after purchasing an additional 849 shares during the quarter. Bank OZK's holdings in Lululemon Athletica were worth $1,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. JFS Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC grew its stake in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $33,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

NASDAQ LULU traded up $4.24 during trading hours on Wednesday, reaching $349.53. 1,353,720 shares of the company's stock traded hands, compared to its average volume of 1,602,338. The firm has a 50-day simple moving average of $385.29 and a 200 day simple moving average of $331.52. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The firm has a market cap of $42.57 billion, a PE ratio of 25.24, a PEG ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business earned $2.53 EPS. Lululemon Athletica's revenue was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica 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 value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company's stock, valued at $2,399,307.78. This trade represents 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.

Analyst Ratings Changes

Several research firms recently commented on LULU. BMO Capital Markets boosted their target price on Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Telsey Advisory Group lifted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. KeyCorp increased their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Truist Financial lifted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Raymond James reissued an "outperform" rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $399.14.

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.