Laurel Wealth Advisors LLC Sells 30 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Laurel Wealth Advisors LLC lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220 shares of the apparel retailer’s stock after selling 30 shares during the period. Laurel Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $953,000. XTX Topco Ltd raised its position in Lululemon Athletica by 281.4% in the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares during the last quarter. Rheos Capital Works Inc. boosted its stake in shares of Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the last quarter. Finally, Caxton Associates LP increased its stake in shares of Lululemon Athletica by 6,702.7% in the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock valued at $17,922,000 after buying an additional 59,118 shares during the period. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 3.1 %

Shares of LULU stock opened at $376.66 on Thursday. The firm has a fifty day simple moving average of $358.92 and a two-hundred day simple moving average of $303.06. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The firm has a market capitalization of $45.87 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the company earned $2.53 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on LULU. Wells Fargo & Company lifted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Piper Sandler increased their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Oppenheimer lowered their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.93.

About Lululemon Athletica

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.