Barlow Wealth Partners Inc. Reduces Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Barlow Wealth Partners Inc. trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,619 shares of the apparel retailer’s stock after selling 14,426 shares during the period. Barlow Wealth Partners Inc.’s holdings in Lululemon Athletica were worth $11,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica in the third quarter worth $29,000. JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% during 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. Armstrong Advisory Group Inc. increased its position in shares of Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 189 shares during the period. Finally, Modus Advisors LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $95,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.2 %

Shares of NASDAQ:LULU opened at $372.81 on Wednesday. The company has a market cap of $45.40 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.44 and a beta of 1.18. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The company has a 50-day moving average price of $363.72 and a 200 day moving average price of $305.10.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

Analysts Set New Price Targets

LULU has been the topic of several recent research reports. Telsey Advisory Group increased their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Guggenheim boosted 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. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Two investment analysts have 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $390.33.

Insider Buying and Selling

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 stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.