Waldron Private Wealth LLC Reduces Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Waldron Private Wealth LLC reduced its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,034 shares of the apparel retailer’s stock after selling 37 shares during the period. Waldron Private Wealth LLC’s holdings in Lululemon Athletica were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its position in shares of Lululemon Athletica by 129.3% in the first quarter. AdvisorNet Financial Inc now owns 337 shares of the apparel retailer’s stock valued at $132,000 after purchasing an additional 190 shares in the last quarter. Riverview Trust Co purchased a new stake in Lululemon Athletica in the 1st quarter valued at $29,000. Brookstone Capital Management increased its stake in shares of Lululemon Athletica by 202.8% in the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock worth $670,000 after acquiring an additional 1,148 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 21.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,354 shares of the apparel retailer’s stock worth $529,000 after acquiring an additional 241 shares during the period. Finally, Dohj LLC boosted its position in shares of Lululemon Athletica by 3.5% during the 1st quarter. Dohj LLC now owns 2,063 shares of the apparel retailer’s stock valued at $806,000 after acquiring an additional 70 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LULU has been the topic of a number of analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Bank of America decreased their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Truist Financial restated a “buy” rating and issued a $310.00 target price on shares of Lululemon Athletica in a research report on Wednesday, August 28th. Morgan Stanley lowered their price target on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $463.00 to $286.00 in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.55.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $293.14 on Thursday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock has a market cap of $36.64 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.99 and a beta of 1.25. The stock has a 50-day simple moving average of $268.39 and a 200-day simple moving average of $294.69.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.68 earnings per share. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 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.