Jones Financial Companies Lllp Purchases 1,689 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Jones Financial Companies Lllp grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,373 shares of the apparel retailer's stock after buying an additional 1,689 shares during the quarter. Jones Financial Companies Lllp's holdings in Lululemon Athletica were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC lifted its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after buying an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after buying an additional 28 shares in the last quarter. Mather Group LLC. lifted its position in shares of Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer's stock worth $68,000 after buying an additional 31 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in shares of Lululemon Athletica by 53.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer's stock worth $36,000 after buying an additional 33 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

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Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction 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 of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on LULU shares. Citigroup lifted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Evercore ISI lifted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Piper Sandler lifted their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Truist Financial lifted their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $399.14.

Lululemon Athletica Trading Down 1.0 %

Shares of LULU traded down $3.58 during mid-day trading on Friday, reaching $344.36. 1,717,367 shares of the stock traded hands, compared to its average volume of 1,609,106. The firm has a fifty day moving average price of $382.97 and a 200 day moving average price of $333.33. The company has a market cap of $41.94 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released 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 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 business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS 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.