Gladstone Institutional Advisory LLC Sells 91 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Gladstone Institutional Advisory LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,932 shares of the apparel retailer’s stock after selling 91 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Lululemon Athletica were worth $988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Daymark Wealth Partners LLC lifted its position in Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after acquiring an additional 21 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after buying an additional 22 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in shares of Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock valued at $646,000 after buying an additional 23 shares during the period. Baker Avenue Asset Management LP lifted its holdings in shares of Lululemon Athletica by 11.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after buying an additional 25 shares during the period. Finally, Herbst Group LLC lifted its holdings in shares of Lululemon Athletica by 1.1% during the 4th quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer’s stock valued at $1,473,000 after buying an additional 30 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LULU has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a report on Thursday, April 4th. Oppenheimer restated an “outperform” rating and issued a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Piper Sandler reduced their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Sanford C. Bernstein reduced their price objective on Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Finally, KeyCorp reduced their price objective on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $474.79.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $322.98 on Wednesday. The firm has a market cap of $40.70 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30. The firm’s 50 day simple moving average is $373.44 and its 200-day simple moving average is $433.23. Lululemon Athletica Inc. has a one year low of $322.15 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $4.40 earnings per share. Equities research analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Lululemon Athletica Company 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.