MassMutual Private Wealth & Trust FSB Sells 333 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

MassMutual Private Wealth & Trust FSB lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,781 shares of the apparel retailer’s stock after selling 333 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Lululemon Athletica were worth $4,505,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LULU. Bremer Bank National Association raised its stake in Lululemon Athletica by 91.5% in the 4th quarter. Bremer Bank National Association now owns 14,480 shares of the apparel retailer’s stock valued at $5,537,000 after acquiring an additional 6,919 shares during the period. Wealth Management Partners LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $217,000. Diversify Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $229,000. Liberty One Investment Management LLC lifted its stake in shares of Lululemon Athletica by 24.4% during the 4th quarter. Liberty One Investment Management LLC now owns 3,382 shares of the apparel retailer’s stock valued at $1,293,000 after buying an additional 664 shares in the last quarter. Finally, Clarius Group LLC bought a new position in Lululemon Athletica in the 4th quarter worth approximately $232,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 sale, the insider now owns 12,429 shares in the company, 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. 0.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research note on Friday, January 10th. Robert W. Baird upped their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Piper Sandler increased their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Price Performance

LULU opened at $373.70 on Tuesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The stock’s 50 day simple moving average is $362.61 and its 200 day simple moving average is $304.59. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 earnings per share. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

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.