Galvin Gaustad & Stein LLC Purchases 10,141 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Galvin Gaustad & Stein LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,666 shares of the apparel retailer’s stock after purchasing an additional 10,141 shares during the quarter. Lululemon Athletica makes up about 2.9% of Galvin Gaustad & Stein LLC’s investment portfolio, making the stock its 2nd largest position. Galvin Gaustad & Stein LLC owned 0.07% of Lululemon Athletica worth $32,760,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Lululemon Athletica by 1.8% in 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 boosted its stake in Lululemon Athletica by 3.7% in the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC boosted its stake in 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 purchasing an additional 894,531 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $190,567,000 after purchasing an additional 19,808 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after purchasing an additional 185,440 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

LULU stock opened at $379.68 on Thursday. The stock has a market capitalization of $46.24 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.43 and a beta of 1.18. The business has a 50-day moving average of $365.84 and a 200-day moving average of $306.17. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last posted 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 company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 earnings per share. Equities analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on LULU. Piper Sandler boosted their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. KeyCorp boosted their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company boosted their target price on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $391.00.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 transaction, the insider now directly 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. 0.48% of the stock is owned by 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.