Mediolanum International Funds Ltd Purchases 2,009 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mediolanum International Funds Ltd grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,955 shares of the apparel retailer’s stock after buying an additional 2,009 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Lululemon Athletica were worth $31,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the period. Adirondack Trust Co. lifted its holdings in Lululemon Athletica by 6.5% in the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after buying an additional 40 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after purchasing an additional 42 shares in the last quarter. First Pacific Financial increased its stake in shares of Lululemon Athletica by 1.4% during the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after purchasing an additional 44 shares in the last quarter. Finally, Claro Advisors LLC increased its stake in shares of Lululemon Athletica by 5.6% during the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after purchasing an additional 48 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica 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. Truist Financial raised their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Trading Up 2.4 %

NASDAQ:LULU opened at $421.16 on Friday. The stock has a 50-day moving average price of $374.67 and a 200 day moving average price of $310.08. The stock has a market capitalization of $51.29 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.68 and a beta of 1.18. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm posted $2.53 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the company’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 completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’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 transaction, the insider now owns 12,429 shares of the company’s stock, 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 owned by company insiders.

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.