Winslow Asset Management Inc. Sells 1,294 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Winslow Asset Management Inc. lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,194 shares of the apparel retailer’s stock after selling 1,294 shares during the quarter. Lululemon Athletica makes up about 3.8% of Winslow Asset Management Inc.’s portfolio, making the stock its 5th biggest position. Winslow Asset Management Inc.’s holdings in Lululemon Athletica were worth $19,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the subject of several recent research reports. Truist Financial boosted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Citigroup increased their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Guggenheim increased their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $366.72 on Wednesday. The company has a market cap of $44.66 billion, a P/E ratio of 26.48, a PEG ratio of 2.22 and a beta of 1.19. The stock has a 50 day simple moving average of $387.44 and a two-hundred day simple moving average of $327.65. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm posted $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred 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 owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.