Blackhawk Capital Partners LLC. Cuts Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Blackhawk Capital Partners LLC. cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,202 shares of the apparel retailer’s stock after selling 463 shares during the period. Lululemon Athletica accounts for approximately 1.4% of Blackhawk Capital Partners LLC.’s holdings, making the stock its 18th biggest holding. Blackhawk Capital Partners LLC.’s holdings in Lululemon Athletica were worth $2,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $32,000. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $33,000. Sound Income Strategies LLC raised its holdings in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares during the period. Golden State Wealth Management LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $36,000. Finally, Pittenger & Anderson Inc. grew its stake in Lululemon Athletica by 53.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after buying an additional 33 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $368.22 on Tuesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a 50-day simple moving average of $387.92 and a 200-day simple moving average of $326.75. The firm has a market capitalization of $44.84 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 earnings per share. Equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on LULU. TD Securities lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. UBS Group increased their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Raymond James reissued an “outperform” rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 completion of the transaction, the insider now 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 disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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.