B. Riley Wealth Advisors Inc. Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

B. Riley Wealth Advisors Inc. decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 38.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,106 shares of the apparel retailer’s stock after selling 1,319 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Lululemon Athletica were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. American Trust purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth $785,000. Synovus Financial Corp lifted its position in Lululemon Athletica by 46.4% during the third quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock valued at $1,137,000 after purchasing an additional 1,329 shares in the last quarter. Tidal Investments LLC grew its holdings in Lululemon Athletica by 19.0% during the third quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock valued at $3,095,000 after purchasing an additional 1,822 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Lululemon Athletica in the third quarter worth about $249,000. Finally, Sfmg LLC bought a new position in shares of Lululemon Athletica in the third quarter worth about $2,984,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Oppenheimer lowered their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Piper Sandler increased 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. Finally, Robert W. Baird boosted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $377.63.

Lululemon Athletica Trading Down 4.7 %

Shares of NASDAQ:LULU opened at $372.07 on Thursday. The company has a market cap of $45.31 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The company has a 50-day moving average price of $325.40 and a 200 day moving average price of $293.11.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 earnings per share. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Insider Buying and Selling

In related news, 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 sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was 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 directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.