Warther Private Wealth LLC Has $7.52 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Warther Private Wealth LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,669 shares of the apparel retailer’s stock after selling 2,743 shares during the quarter. Lululemon Athletica comprises 2.5% of Warther Private Wealth LLC’s portfolio, making the stock its 19th biggest holding. Warther Private Wealth LLC’s holdings in Lululemon Athletica were worth $7,522,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica during the third quarter worth approximately $29,000. JFS Wealth Advisors LLC lifted its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in 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 during the period. Golden State Wealth Management LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at $36,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Lululemon Athletica during the 4th quarter worth $38,000. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The stock was 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 approximately $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. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 0.5 %

Shares of LULU opened at $397.63 on Wednesday. The stock has a market cap of $48.42 billion, a PE ratio of 28.71, a PEG ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The business has a 50-day simple moving average of $388.91 and a two-hundred day simple moving average of $317.65.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. Truist Financial boosted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Oppenheimer raised their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Evercore ISI boosted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Citigroup increased their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $399.14.

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.