KPP Advisory Services LLC Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

KPP Advisory Services LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the apparel retailer’s stock after selling 98 shares during the period. KPP Advisory Services LLC’s holdings in Lululemon Athletica were worth $765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC grew its stake in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the last quarter. Adirondack Trust Co. grew its stake in Lululemon Athletica by 6.5% during the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after purchasing an additional 40 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after purchasing an additional 42 shares during the last quarter. First Pacific Financial grew its stake in Lululemon Athletica by 1.4% during the 4th 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 during the last quarter. Finally, Claro Advisors LLC grew its stake in Lululemon Athletica by 5.6% during the 4th 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 last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the topic of several research analyst reports. KeyCorp boosted their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday. Telsey Advisory Group boosted their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Truist Financial boosted their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $395.67.

Insider Activity

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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 1.7 %

NASDAQ:LULU opened at $414.20 on Monday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a 50 day moving average of $378.74 and a two-hundred day moving average of $311.90. The firm has a market cap of $50.44 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results 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 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%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 earnings per share. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.