Avestar Capital LLC Sells 246 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Avestar Capital LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 804 shares of the apparel retailer’s stock after selling 246 shares during the period. Avestar Capital LLC’s holdings in Lululemon Athletica were worth $307,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $36,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $38,000. Stonebridge Financial Group LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $44,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Truist Financial upped their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Wells Fargo & Company upped their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Finally, TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Down 6.2 %

NASDAQ:LULU opened at $366.68 on Friday. The business’s 50-day moving average price is $392.03 and its two-hundred day moving average price is $319.70. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock has a market cap of $44.65 billion, a P/E ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm posted $2.53 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s 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 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 disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.