CWA Asset Management Group LLC Has $326,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

CWA Asset Management Group LLC trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 77.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 853 shares of the apparel retailer’s stock after selling 2,974 shares during the quarter. CWA Asset Management Group LLC’s holdings in Lululemon Athletica were worth $326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Paladin Wealth LLC bought a new stake in Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC increased its stake in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 46 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Lululemon Athletica in the 2nd quarter valued at approximately $36,000. Finally, Armstrong Advisory Group Inc. grew its holdings in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LULU shares. Piper Sandler raised their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Barclays lifted their target price on Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Telsey Advisory Group increased their price target on Lululemon Athletica from $360.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. KeyCorp lifted their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.23.

Lululemon Athletica Stock Down 0.1 %

LULU stock opened at $392.92 on Thursday. The firm has a market capitalization of $47.85 billion, a PE ratio of 28.37, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30. The stock’s 50 day moving average is $352.53 and its 200-day moving average is $300.64.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) 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 the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly 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. Company insiders own 0.48% of the company’s stock.

About Lululemon Athletica

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.