Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 54.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,072 shares of the apparel retailer’s stock after acquiring an additional 15,973 shares during the period. Gateway Investment Advisers LLC’s holdings in Lululemon Athletica were worth $17,236,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LULU. West Coast Financial LLC raised its stake in Lululemon Athletica by 1.1% during the fourth quarter. West Coast Financial LLC now owns 30,000 shares of the apparel retailer’s stock worth $11,472,000 after acquiring an additional 320 shares during the period. Outlook Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 35.9% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,530 shares of the apparel retailer’s stock valued at $585,000 after purchasing an additional 404 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Lululemon Athletica by 53.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,563 shares of the apparel retailer’s stock valued at $1,745,000 after purchasing an additional 1,596 shares during the last quarter. Crestmont Private Wealth LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $227,000. Finally, Oak Thistle LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $334,000. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on LULU shares. Telsey Advisory Group upped their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Evercore ISI lifted their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Truist Financial upped their target price 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. Finally, Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $370.99 on Friday. The stock has a market capitalization of $45.18 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The company has a 50 day moving average price of $360.19 and a 200 day moving average price of $303.57.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 EPS. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

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.