Gradient Capital Advisors LLC Cuts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Gradient Capital Advisors LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304 shares of the apparel retailer’s stock after selling 42 shares during the period. Gradient Capital Advisors LLC’s holdings in Lululemon Athletica were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC increased its stake in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $36,000. Ameliora Wealth Management Ltd. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $38,000. Paladin Wealth LLC purchased a new stake in Lululemon Athletica during the 3rd quarter valued at $29,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at $44,000. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. KeyCorp increased their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research report on Friday, January 10th. Finally, Piper Sandler raised their price target 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Buying and Selling

In related news, 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 transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Trading Down 0.5 %

Shares of NASDAQ:LULU opened at $397.63 on Wednesday. The company has a market capitalization of $48.42 billion, a PE ratio of 28.71, a P/E/G ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The business’s fifty day simple moving average is $388.91 and its 200-day simple moving average is $317.65.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share. Research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.