Sentry Investment Management LLC Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Sentry Investment Management LLC decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 480 shares of the apparel retailer’s stock after selling 78 shares during the period. Sentry Investment Management LLC’s holdings in Lululemon Athletica were worth $184,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LULU. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $239,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Lululemon Athletica by 19.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock valued at $8,255,000 after acquiring an additional 4,791 shares during the period. Arkadios Wealth Advisors raised its holdings in Lululemon Athletica by 28.6% during the third quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock valued at $675,000 after acquiring an additional 554 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Lululemon Athletica by 14.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after acquiring an additional 6,052 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Lululemon Athletica by 6.5% in the third quarter. State of Alaska Department of Revenue now owns 14,881 shares of the apparel retailer’s stock worth $4,037,000 after acquiring an additional 905 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial lifted their target price on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Oppenheimer lifted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Trading Down 0.4 %

Shares of NASDAQ:LULU opened at $366.72 on Wednesday. The company has a market capitalization of $44.66 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.22 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 firm’s 50-day moving average is $387.44 and its 200 day moving average is $327.65.

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

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were 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 of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by 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.