Hohimer Wealth Management LLC Acquires Shares of 1,866 lululemon athletica inc. (NASDAQ:LULU)

Hohimer Wealth Management LLC acquired a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,866 shares of the apparel retailer's stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Narwhal Capital Management lifted its stake in lululemon athletica by 262.7% in the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after buying an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in lululemon athletica in the first quarter valued at approximately $9,209,000. Flossbach Von Storch SE lifted its stake in lululemon athletica by 10.3% in the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after buying an additional 130,565 shares during the last quarter. Bender Robert & Associates lifted its stake in lululemon athletica by 18.5% in the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock valued at $12,727,000 after buying an additional 7,028 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new stake in lululemon athletica in the first quarter valued at approximately $1,898,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Activity

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company's stock.

lululemon athletica Trading Up 3.2%

NASDAQ:LULU traded up $7.20 on Thursday, hitting $233.31. 2,951,955 shares of the stock were exchanged, compared to its average volume of 2,364,491. The stock has a market cap of $27.96 billion, a PE ratio of 15.81, a PEG ratio of 1.88 and a beta of 1.17. The stock has a fifty day moving average of $271.25 and a 200-day moving average of $314.01. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm earned $2.54 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LULU shares. Piper Sandler boosted their target price on lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Barclays dropped their price objective on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. BTIG Research dropped their price objective on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Argus downgraded lululemon athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $280.00 target price (down from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica 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.