Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Anchor Investment Management LLC

Anchor Investment Management LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 17.4% in the third quarter, HoldingsChannel reports. The fund owned 4,582 shares of the apparel retailer’s stock after purchasing an additional 680 shares during the period. Anchor Investment Management LLC’s holdings in Lululemon Athletica were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of LULU. Wealth Enhancement Advisory Services LLC lifted its holdings in Lululemon Athletica by 22.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,284 shares of the apparel retailer’s stock valued at $8,747,000 after acquiring an additional 5,463 shares during the period. ORG Partners LLC acquired a new position in Lululemon Athletica in the second quarter valued at approximately $155,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Lululemon Athletica by 31.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after acquiring an additional 3,721 shares during the period. Swedbank AB lifted its holdings in Lululemon Athletica by 199.5% in the second quarter. Swedbank AB now owns 146,472 shares of the apparel retailer’s stock valued at $43,751,000 after acquiring an additional 97,571 shares during the period. Finally, Miracle Mile Advisors LLC lifted its holdings in Lululemon Athletica by 26.9% in the second quarter. Miracle Mile Advisors LLC now owns 952 shares of the apparel retailer’s stock valued at $284,000 after acquiring an additional 202 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 2.6 %

Shares of NASDAQ:LULU opened at $389.33 on Friday. The business has a fifty day moving average of $313.85 and a two-hundred day moving average of $290.16. The stock has a market cap of $47.80 billion, a P/E ratio of 28.11, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LULU shares. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Piper Sandler boosted their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Citigroup boosted their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Evercore ISI boosted their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average 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.