Warther Private Wealth LLC Sells 2,743 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Warther Private Wealth LLC cut its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,669 shares of the apparel retailer’s stock after selling 2,743 shares during the period. Lululemon Athletica accounts for about 2.5% of Warther Private Wealth LLC’s investment portfolio, making the stock its 19th biggest position. Warther Private Wealth LLC’s holdings in Lululemon Athletica were worth $7,522,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $36,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $38,000. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at about $29,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at about $44,000. 85.20% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred 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 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 insiders.

Wall Street Analyst Weigh In

LULU has been the topic of several research reports. UBS Group upped their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. KeyCorp increased their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Guggenheim increased their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Robert W. Baird lifted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

LULU stock opened at $397.63 on Wednesday. The business has a 50-day moving average of $388.91 and a 200-day moving average of $317.65. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock has a market capitalization of $48.42 billion, a P/E ratio of 28.71, a P/E/G ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released 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 firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.