Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Hilltop National Bank

Hilltop National Bank increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 28.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,166 shares of the apparel retailer’s stock after buying an additional 700 shares during the quarter. Hilltop National Bank’s holdings in Lululemon Athletica were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LULU. Shepherd Financial Partners LLC purchased a new stake in shares of Lululemon Athletica in the third quarter valued at $953,000. XTX Topco Ltd boosted its stake in shares of Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after purchasing an additional 6,562 shares during the last quarter. Rheos Capital Works Inc. grew its holdings in shares of Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after buying an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of 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 buying an additional 4,564 shares during the period. Finally, Caxton Associates LP boosted its position 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 worth $17,922,000 after acquiring an additional 59,118 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the subject of several analyst reports. Robert W. Baird boosted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Truist Financial increased their target price on Lululemon Athletica from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. KeyCorp lifted their price target on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday. Finally, Oppenheimer lowered their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $381.40.

Read Our Latest Stock Analysis on LULU

Insider Activity at Lululemon Athletica

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

Lululemon Athletica Stock Performance

Shares of LULU stock traded down $2.63 during mid-day trading on Friday, reaching $390.29. 439,934 shares of the company were exchanged, compared to its average volume of 1,224,728. The business’s 50 day simple moving average is $354.43 and its 200 day simple moving average is $301.28. The company has a market capitalization of $47.53 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last announced 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 analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

About Lululemon Athletica

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULUFree Report).

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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