Hantz Financial Services Inc. Invests $6.51 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Hantz Financial Services Inc. acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,027 shares of the apparel retailer's stock, valued at approximately $6,511,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shepherd Financial Partners LLC bought a new position in shares of Lululemon Athletica in the third quarter worth approximately $953,000. Rheos Capital Works Inc. increased its holdings in shares of Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer's stock worth $4,206,000 after buying an additional 2,500 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock valued at $1,844,000 after buying an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock worth $28,070,000 after acquiring an additional 34,704 shares during the last quarter. Finally, Touchstone Capital Inc. purchased a new position in Lululemon Athletica in the third quarter worth $4,084,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LULU. Robert W. Baird raised their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Jefferies Financial Group restated an "underperform" rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Barclays raised their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Wells Fargo & Company increased their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Finally, Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average price target of $395.67.

Lululemon Athletica Stock Up 2.3 %

LULU traded up $9.50 on Thursday, hitting $420.66. The company had a trading volume of 480,669 shares, compared to its average volume of 1,632,745. The company has a market cap of $51.23 billion, a PE ratio of 30.41, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The business's fifty day simple moving average is $374.67 and its 200 day simple moving average is $310.08.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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. 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 for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.53 EPS. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica 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 value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

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.