Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Schear Investment Advisers LLC

Schear Investment Advisers LLC decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,045 shares of the apparel retailer’s stock after selling 189 shares during the quarter. Schear Investment Advisers LLC’s holdings in Lululemon Athletica were worth $1,164,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 completion of the transaction, the insider now 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 disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $397.63 on Wednesday. The stock has a market capitalization of $48.42 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The company has a 50 day moving average price of $388.91 and a 200 day moving average price of $317.65.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business 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 company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Telsey Advisory Group upped their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Evercore ISI lifted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.