Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,855 shares of the apparel retailer’s stock after selling 250 shares during the quarter. Intellectus Partners LLC’s holdings in Lululemon Athletica were worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in shares of Lululemon Athletica by 51,219.6% during the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after acquiring an additional 686,855 shares during the last quarter. Morgan Stanley boosted its position in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth $71,483,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Lululemon Athletica by 34.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock worth $257,627,000 after buying an additional 171,227 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 1.3 %

Shares of Lululemon Athletica stock traded up $4.70 during mid-day trading on Friday, reaching $364.70. 1,234,535 shares of the stock were exchanged, compared to its average volume of 2,023,414. The company has a market cap of $45.96 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The firm has a 50-day simple moving average of $410.57 and a 200 day simple moving average of $438.70. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $4.40 EPS. On average, research analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt acquired 700 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LULU. Truist Financial cut their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Morgan Stanley cut their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Oppenheimer reissued an “outperform” rating and issued a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Wedbush cut their target price on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Finally, Barclays cut their target price on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $481.96.

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.