Mirae Asset Global Investments Co. Ltd. Purchases 61,274 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 207.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,755 shares of the apparel retailer’s stock after purchasing an additional 61,274 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Lululemon Athletica worth $34,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LULU. Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 76 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Lululemon Athletica by 21.1% in the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group raised 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. Piper Sandler raised their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. TD Securities raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Citigroup raised their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Truist Financial raised their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $415.90 on Wednesday. The company’s 50 day simple moving average is $380.41 and its 200 day simple moving average is $312.91. The stock has a market capitalization of $50.65 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.53 earnings per share. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.