Carl P. Sherr & Co. LLC Reduces Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Carl P. Sherr & Co. LLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 34.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,466 shares of the apparel retailer’s stock after selling 775 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Lululemon Athletica were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LULU. JFS Wealth Advisors LLC grew its holdings in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Sound Income Strategies LLC grew its stake 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 period. Asset Planning Inc bought a new position in Lululemon Athletica during the fourth quarter worth about $33,000. Finally, Golden State Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $36,000. Institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LULU shares. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Truist Financial boosted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Oppenheimer upped their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. TD Securities lifted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Guggenheim upped their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $358.97 on Friday. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.22 and a beta of 1.19. The company’s 50 day moving average price is $388.35 and its 200-day moving average price is $324.60. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.