Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 18.9% in the first quarter, Holdings Channel.com reports. The firm owned 538 shares of the apparel retailer’s stock after selling 125 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LULU. Valley National Advisers Inc. lifted its position in Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Tidemark LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at about $26,000. Benjamin Edwards Inc. lifted its position in shares of Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 44 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Lululemon Athletica during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Lululemon Athletica from $410.00 to $416.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. TD Cowen reduced their price target on shares of Lululemon Athletica from $447.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Company reduced their price target on shares of Lululemon Athletica from $425.00 to $350.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Evercore ISI reduced their price target on shares of Lululemon Athletica from $400.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Telsey Advisory Group reduced their price target on shares of Lululemon Athletica from $550.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $406.68.

Lululemon Athletica Stock Down 5.2 %

Shares of NASDAQ LULU traded down $13.05 during trading on Friday, hitting $236.00. 3,097,868 shares of the company traded hands, compared to its average volume of 2,352,833. Lululemon Athletica Inc. has a 1 year low of $234.69 and a 1 year high of $516.39. The company has a 50-day moving average price of $294.31 and a 200-day moving average price of $369.34. The firm has a market capitalization of $29.50 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.25 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.16. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the company earned $2.28 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts predict that Lululemon Athletica Inc. will post 14.22 EPS for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the apparel retailer to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.