Crystal Rock Capital Management Raises Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Crystal Rock Capital Management increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,830 shares of the apparel retailer’s stock after purchasing an additional 400 shares during the period. Lululemon Athletica makes up approximately 3.0% of Crystal Rock Capital Management’s portfolio, making the stock its 13th largest position. Crystal Rock Capital Management’s holdings in Lululemon Athletica were worth $4,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Shepherd Financial Partners LLC purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth $953,000. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica during the fourth quarter worth about $275,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in 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 worth $1,844,000 after buying an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of Lululemon Athletica by 876.8% during the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock valued at $549,000 after acquiring an additional 1,815 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 0.3 %

LULU stock opened at $365.79 on Thursday. The company has a market cap of $44.55 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.22 and a beta of 1.19. The business has a fifty day simple moving average of $387.32 and a 200-day simple moving average of $327.92. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 earnings per share. As a group, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other 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 value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LULU shares. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Truist Financial lifted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Raymond James reiterated an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, Telsey Advisory Group raised their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.14.

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.