Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 23.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 298 shares of the apparel retailer’s stock after selling 93 shares during the quarter. Venturi Wealth Management LLC’s holdings in Lululemon Athletica were worth $114,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. D.A. Davidson & CO. grew its holdings in shares of Lululemon Athletica by 7.9% in the 4th quarter. D.A. Davidson & CO. now owns 3,316 shares of the apparel retailer’s stock worth $1,268,000 after acquiring an additional 242 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Lululemon Athletica by 0.6% in the 4th quarter. Truist Financial Corp now owns 20,077 shares of the apparel retailer’s stock worth $7,678,000 after acquiring an additional 129 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Lululemon Athletica by 2.8% in the 4th quarter. CIBC Asset Management Inc now owns 37,291 shares of the apparel retailer’s stock worth $14,260,000 after acquiring an additional 1,019 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Finally, Human Investing LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter worth $69,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the business’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 in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’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 owns 12,429 shares in the company, valued at $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. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $358.97 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock has a market capitalization of $43.72 billion, a PE ratio of 25.92, a P/E/G ratio of 2.22 and a beta of 1.19. The stock has a 50-day simple moving average of $388.35 and a 200 day simple moving average of $325.21.

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 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LULU. Deutsche Bank Aktiengesellschaft lifted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Guggenheim lifted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley lifted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price 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.