Impact Investors Inc Buys Shares of 3,654 Lululemon Athletica Inc. (NASDAQ:LULU)

Impact Investors Inc purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,654 shares of the apparel retailer’s stock, valued at approximately $1,397,000. Lululemon Athletica makes up about 1.1% of Impact Investors Inc’s investment portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. bought a new position in shares of Lululemon Athletica in the 3rd quarter worth $239,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Lululemon Athletica by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock worth $8,255,000 after purchasing an additional 4,791 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of Lululemon Athletica by 28.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock valued at $675,000 after acquiring an additional 554 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Lululemon Athletica by 14.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock worth $13,202,000 after purchasing an additional 6,052 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Lululemon Athletica by 6.5% in the third quarter. State of Alaska Department of Revenue now owns 14,881 shares of the apparel retailer’s stock worth $4,037,000 after buying an additional 905 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $366.72 on Wednesday. The business’s 50-day simple moving average is $387.44 and its 200-day simple moving average is $327.65. The firm has a market capitalization of $44.66 billion, a PE ratio of 26.48, a PEG ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data 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. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LULU. Wells Fargo & Company boosted their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. UBS Group boosted their target price 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. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Stifel Nicolaus restated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Robert W. Baird boosted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’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 sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This 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.

Lululemon Athletica Company 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.