HighPoint Advisor Group LLC cut its position in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 27.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,353 shares of the apparel retailer’s stock after selling 4,789 shares during the quarter. HighPoint Advisor Group LLC’s holdings in lululemon athletica were worth $2,567,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Brighton Jones LLC acquired a new stake in lululemon athletica in the 4th quarter valued at $429,000. NewEdge Advisors LLC raised its holdings in lululemon athletica by 5.1% during the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after buying an additional 186 shares during the last quarter. Glenview Trust co lifted its stake in shares of lululemon athletica by 39.9% in the second quarter. Glenview Trust co now owns 996 shares of the apparel retailer’s stock valued at $237,000 after buying an additional 284 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of lululemon athletica during the second quarter valued at about $508,000. Finally, Raymond James Financial Inc. grew its holdings in shares of lululemon athletica by 10.7% during the second quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer’s stock valued at $26,759,000 after buying an additional 10,891 shares during the last quarter. 85.20% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on LULU. The Goldman Sachs Group lowered their target price on shares of lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. BTIG Research decreased their price objective on lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Bank of America lowered their price objective on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Telsey Advisory Group dropped their target price on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, March 18th. Finally, Barclays decreased their price target on lululemon athletica from $203.00 to $161.00 and set an “equal weight” rating for the company in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, lululemon athletica presently has an average rating of “Hold” and a consensus price target of $203.80.
lululemon athletica Stock Down 1.0%
Shares of NASDAQ LULU opened at $125.13 on Wednesday. The company has a market capitalization of $15.10 billion, a PE ratio of 9.41, a PEG ratio of 3.88 and a beta of 0.90. The stock’s 50 day moving average price is $155.73 and its 200-day moving average price is $175.74. lululemon athletica inc. has a twelve month low of $123.51 and a twelve month high of $340.25.
lululemon athletica (NASDAQ:LULU – Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.lululemon athletica’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $6.14 earnings per share. As a group, research analysts expect that lululemon athletica inc. will post 12.3 EPS for the current fiscal year.
Insider Activity at lululemon athletica
In other lululemon athletica news, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total value of $100,142.00. Following the sale, the insider owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. The trade was a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andre Maestrini bought 3,275 shares of lululemon athletica stock in a transaction dated Wednesday, April 1st. The shares were bought at an average cost of $151.02 per share, with a total value of $494,590.50. Following the completion of the transaction, the chief executive officer directly owned 34,551 shares in the company, valued at approximately $5,217,892.02. This trade represents a 10.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by company insiders.
About lululemon athletica
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.
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