Crossmark Global Holdings Inc. Sells 1,098 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Crossmark Global Holdings Inc. reduced its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,838 shares of the apparel retailer’s stock after selling 1,098 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lululemon Athletica were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LULU. SeaCrest Wealth Management LLC increased its stake in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the period. First Pacific Financial increased its stake in Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after purchasing an additional 44 shares in the last quarter. Claro Advisors LLC raised its holdings in shares of Lululemon Athletica by 5.6% during the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after purchasing an additional 48 shares during the period. Finally, Howard Financial Services LTD. boosted its position in shares of Lululemon Athletica by 5.7% during the 4th quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock worth $338,000 after purchasing an additional 48 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Up 3.1 %

Lululemon Athletica stock opened at $400.03 on Friday. The stock has a market cap of $48.72 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.50 and a beta of 1.18. The business has a 50-day simple moving average of $367.00 and a 200 day simple moving average of $306.74. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during 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%. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 earnings per share. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on LULU shares. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Robert W. Baird increased their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Morgan Stanley boosted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. TD Cowen lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Piper Sandler upped their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $391.00.

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.