Kintegral Advisory LLC Cuts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Kintegral Advisory LLC lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,988 shares of the apparel retailer’s stock after selling 92 shares during the quarter. Kintegral Advisory LLC’s holdings in Lululemon Athletica were worth $760,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth approximately $32,000. Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Sound Income Strategies LLC boosted its position in 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 purchasing an additional 65 shares during the period. Golden State Wealth Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter worth $36,000. Finally, Pittenger & Anderson Inc. increased its holdings in Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In related news, 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 value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were 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 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Down 1.9 %

LULU opened at $358.97 on Friday. The company’s 50-day moving average price is $388.35 and its 200 day moving average price is $325.21. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping 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 business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LULU shares. Citigroup boosted their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Piper Sandler boosted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Finally, Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.