Leibman Financial Services Inc. Invests $2.90 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Leibman Financial Services Inc. acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 10,679 shares of the apparel retailer’s stock, valued at approximately $2,898,000. Lululemon Athletica makes up about 2.1% of Leibman Financial Services Inc.’s portfolio, making the stock its 26th biggest holding.

Other large investors also recently bought and sold shares of the company. Scarborough Advisors LLC bought a new position in Lululemon Athletica during the 4th quarter valued at about $26,000. Benjamin Edwards Inc. lifted its position in Lululemon Athletica by 176.0% during the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 44 shares during the period. Riverview Trust Co purchased a new stake in Lululemon Athletica in the first quarter worth approximately $29,000. Larson Financial Group LLC grew its position in 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 during the period. Finally, True Wealth Design LLC raised its stake in Lululemon Athletica by 2,950.0% during the 4th quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 59 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Activity at Lululemon Athletica

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

Lululemon Athletica Stock Up 1.5 %

LULU opened at $276.59 on Wednesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The firm has a 50-day simple moving average of $257.79 and a two-hundred day simple moving average of $302.14. The company has a market capitalization of $34.57 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.68 EPS. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LULU shares. Truist Financial restated a “buy” rating and issued a $310.00 price target on shares of Lululemon Athletica in a research note on Wednesday, August 28th. JPMorgan Chase & Co. cut their price target on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Bank of America reduced their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Stifel Nicolaus dropped their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Two investment 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. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

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.