Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Lessened by WealthPLAN Partners LLC

WealthPLAN Partners LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,874 shares of the apparel retailer’s stock after selling 962 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lululemon Athletica were worth $1,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LULU. JFS Wealth Advisors LLC boosted its position in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares during the period. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $38,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU opened at $366.68 on Friday. The company has a market capitalization of $44.65 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company’s fifty day moving average price is $392.03 and its 200 day moving average price is $319.70.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LULU has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. UBS Group increased their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, TD Cowen boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $399.14.

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.