Cwm LLC Grows Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Cwm LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,294 shares of the apparel retailer’s stock after buying an additional 398 shares during the quarter. Cwm LLC’s holdings in Lululemon Athletica were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd raised its holdings in shares of Lululemon Athletica by 281.4% in 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 period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock worth $4,607,000 after purchasing an additional 3,721 shares during the period. Brookstone Capital Management raised its holdings in shares of Lululemon Athletica by 202.8% in the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock worth $670,000 after purchasing an additional 1,148 shares during the period. Gateway Investment Advisers LLC raised its holdings in shares of Lululemon Athletica by 9.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock worth $10,368,000 after purchasing an additional 3,077 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Lululemon Athletica by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock worth $3,250,000 after purchasing an additional 321 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 2.8 %

Shares of LULU opened at $291.63 on Friday. The firm has a market cap of $36.45 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.99 and a beta of 1.25. The stock has a 50 day moving average of $265.04 and a 200-day moving average of $296.64. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm posted $2.68 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Robert W. Baird cut their price objective on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Telsey Advisory Group dropped their target price on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Raymond James dropped their target price on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Monday, September 2nd. Truist Financial reiterated a “buy” rating and set a $310.00 target price on shares of Lululemon Athletica in a report on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $354.55.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.