Everence Capital Management Inc. Buys New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Everence Capital Management Inc. purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,470 shares of the apparel retailer’s stock, valued at approximately $1,327,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at $29,000. HHM Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated 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 approximately $5,040,456.66. This trade represents 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 Stock Performance

NASDAQ:LULU opened at $378.18 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $502.00. The business’s fifty day moving average is $345.74 and its 200 day moving average is $298.57. The firm has a market cap of $46.06 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.78 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 earnings per share. Equities analysts predict that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen boosted their price objective on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Telsey Advisory Group upped their price target on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Evercore ISI raised their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Truist Financial increased their target price on shares of Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, UBS Group boosted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.63.

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.