Retireful LLC Takes $1.46 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Retireful LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,821 shares of the apparel retailer's stock, valued at approximately $1,461,000.

A number of other large investors have also bought and sold shares of LULU. Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after buying an additional 44,294 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock worth $310,763,000 after acquiring an additional 37,239 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after acquiring an additional 894,531 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Lululemon Athletica by 38.2% in the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer's stock valued at $220,423,000 after purchasing an additional 203,882 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock valued at $190,567,000 after purchasing an additional 19,808 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ:LULU traded up $2.71 during midday trading on Friday, reaching $373.70. The company's stock had a trading volume of 1,340,496 shares, compared to its average volume of 1,655,744. The firm has a 50 day moving average of $361.31 and a 200-day moving average of $304.04. The firm has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on LULU shares. Barclays raised their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research note on Thursday. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Truist Financial raised their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Piper Sandler upped their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, Oppenheimer dropped their price objective on Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $390.33.

About Lululemon Athletica

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.