Steward Partners Investment Advisory LLC Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Steward Partners Investment Advisory LLC trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,907 shares of the apparel retailer’s stock after selling 2,156 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Lululemon Athletica were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in LULU. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% in 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. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $36,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the subject of several research reports. 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 research report on Friday, February 7th. Guggenheim upped their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, Evercore ISI upped their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $344.36 on Friday. The firm has a market capitalization of $41.94 billion, a P/E ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company’s fifty day moving average price is $382.97 and its 200-day moving average price is $332.35.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.53 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now 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. 0.48% of the stock is owned by company insiders.

Lululemon Athletica 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.