Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Lowered by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,988 shares of the apparel retailer’s stock after selling 92 shares during the period. Kintegral Advisory LLC’s holdings in Lululemon Athletica were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LULU. Maverick Capital Ltd. bought a new position in Lululemon Athletica during the 3rd quarter valued at $93,476,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares during the period. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica during the third quarter valued at about $81,405,000. River Road Asset Management LLC bought a new position in Lululemon Athletica during the third quarter valued at about $79,503,000. Finally, Swedbank AB grew its holdings in Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after acquiring an additional 221,112 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 1.9 %

NASDAQ LULU opened at $358.97 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The firm’s fifty day simple moving average is $388.35 and its 200-day simple moving average is $325.21. The company has a market capitalization of $43.72 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LULU. BMO Capital Markets upped their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research report on Friday, January 10th. Finally, Piper Sandler raised their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

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.