7,673 Shares in lululemon athletica inc. $LULU Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. purchased a new position in lululemon athletica inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,673 shares of the apparel retailer’s stock, valued at approximately $1,594,000.

Other hedge funds also recently modified their holdings of the company. Integrated Financial Solutions Inc. bought a new position in shares of lululemon athletica in the fourth quarter worth $26,000. GoalVest Advisory LLC acquired a new stake in lululemon athletica in the fourth quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its stake in lululemon athletica by 81.9% in the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. Murphy & Mullick Capital Management Corp boosted its stake in lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 105 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in lululemon athletica in the fourth quarter valued at about $39,000. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total transaction of $100,142.00. Following the sale, the insider directly owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles V. Bergh purchased 6,090 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were purchased at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the purchase, the director directly owned 6,090 shares of the company’s stock, valued at approximately $999,978. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial reduced their price objective on lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. Jefferies Financial Group reduced their price objective on lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. The Goldman Sachs Group reduced their price objective on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Telsey Advisory Group reduced their price objective on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 18th. Finally, Citigroup reduced their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $203.80.

lululemon athletica Trading Down 1.6%

Shares of LULU stock opened at $119.14 on Friday. The business’s 50-day moving average price is $152.48 and its 200-day moving average price is $174.54. lululemon athletica inc. has a 12 month low of $119.06 and a 12 month high of $340.25. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.72 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm posted $6.14 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts predict that lululemon athletica inc. will post 12.3 earnings per share for the current fiscal year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.