Kingswood Wealth Advisors LLC Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Kingswood Wealth Advisors LLC reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 778 shares of the apparel retailer’s stock after selling 51 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in Lululemon Athletica by 9.8% in the second quarter. NewEdge Advisors LLC now owns 6,766 shares of the apparel retailer’s stock worth $2,021,000 after acquiring an additional 604 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Lululemon Athletica by 6.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,306 shares of the apparel retailer’s stock worth $2,481,000 after purchasing an additional 468 shares during the period. Sanctuary Advisors LLC purchased a new position in Lululemon Athletica during the second quarter valued at $4,237,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Lululemon Athletica by 17,910.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 86,089 shares of the apparel retailer’s stock valued at $25,715,000 after purchasing an additional 85,611 shares during the period. Finally, Anchor Investment Management LLC increased its position in Lululemon Athletica by 43.0% in the second quarter. Anchor Investment Management LLC now owns 3,902 shares of the apparel retailer’s stock worth $1,166,000 after buying an additional 1,173 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LULU shares. Truist Financial boosted their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI raised their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup lifted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Finally, Guggenheim boosted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $395.67.

Lululemon Athletica Trading Down 1.7 %

Shares of LULU opened at $414.20 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company’s fifty day simple moving average is $376.79 and its 200-day simple moving average is $310.85. The company has a market cap of $50.44 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.68 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during 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 firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 earnings per share. Analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.