Ritter Daniher Financial Advisory LLC DE Sells 170 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Ritter Daniher Financial Advisory LLC DE lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 38.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269 shares of the apparel retailer’s stock after selling 170 shares during the quarter. Ritter Daniher Financial Advisory LLC DE’s holdings in Lululemon Athletica were worth $103,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. TCTC Holdings LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $33,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 3.1 %

NASDAQ:LULU opened at $263.70 on Monday. The stock’s 50-day moving average is $353.59 and its 200-day moving average is $340.46. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $32.11 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.29 earnings per share. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LULU. UBS Group lowered their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Needham & Company LLC lowered their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Raymond James restated a “market perform” rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $378.31.

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.