Wilmington Savings Fund Society FSB Acquires New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 918 shares of the apparel retailer’s stock, valued at approximately $249,000.

Other institutional investors have also recently bought and sold shares of the company. Shepherd Financial Partners LLC acquired a new position in Lululemon Athletica during the third quarter valued at approximately $953,000. XTX Topco Ltd grew its holdings in Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares during the period. Rheos Capital Works Inc. grew its holdings in Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after purchasing an additional 4,564 shares during the period. Finally, Caxton Associates LP grew its holdings in Lululemon Athletica by 6,702.7% during the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock valued at $17,922,000 after purchasing an additional 59,118 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.2 %

NASDAQ LULU opened at $390.59 on Wednesday. The firm’s fifty day moving average price is $323.44 and its two-hundred day moving average price is $292.55. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm has a market capitalization of $47.57 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm 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 earned $2.53 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 in the company, 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. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Barclays lifted their price target on shares of Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Telsey Advisory Group lifted their price target on shares of Lululemon Athletica from $360.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, UBS Group lifted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $377.63.

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.