Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by West Coast Financial LLC

West Coast Financial LLC lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the apparel retailer’s stock after purchasing an additional 320 shares during the period. Lululemon Athletica comprises about 1.3% of West Coast Financial LLC’s holdings, making the stock its 19th largest holding. West Coast Financial LLC’s holdings in Lululemon Athletica were worth $11,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Lululemon Athletica by 1.8% in the third 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 lifted 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 valued at $310,763,000 after buying an additional 37,239 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% during the 3rd 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 during the period. Dimensional Fund Advisors LP boosted its stake in shares of Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after buying an additional 203,882 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lululemon Athletica by 2.9% during 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 during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group lifted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Guggenheim upped their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley raised their price target on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays raised their target price on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Piper Sandler raised their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $389.23.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $376.68 on Thursday. The firm has a market cap of $45.87 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.71 and a beta of 1.18. The firm has a fifty day moving average of $358.92 and a two-hundred day moving average of $303.06. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share 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 analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 earnings per share. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate 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.