Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,595 shares of the apparel retailer’s stock after selling 369 shares during the quarter. Advisors Asset Management Inc.’s holdings in Lululemon Athletica were worth $435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clearstead Advisors LLC grew its stake in Lululemon Athletica by 3.7% during the 1st quarter. Clearstead Advisors LLC now owns 838 shares of the apparel retailer’s stock worth $306,000 after purchasing an additional 30 shares in the last quarter. Pacific Global Investment Management Co. boosted its position in shares of Lululemon Athletica by 1.2% during the 2nd quarter. Pacific Global Investment Management Co. now owns 2,694 shares of the apparel retailer’s stock worth $734,000 after acquiring an additional 33 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Lululemon Athletica by 6.3% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 561 shares of the apparel retailer’s stock worth $153,000 after acquiring an additional 33 shares in the last quarter. AM Investment Strategies LLC boosted its position in shares of Lululemon Athletica by 1.6% during the 2nd quarter. AM Investment Strategies LLC now owns 2,278 shares of the apparel retailer’s stock worth $621,000 after acquiring an additional 36 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC boosted its position in shares of Lululemon Athletica by 3.2% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 1,198 shares of the apparel retailer’s stock worth $326,000 after acquiring an additional 37 shares in the last quarter. 81.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LULU shares. Piper Sandler raised Lululemon Athletica from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $320.00 to $350.00 in a research report on Tuesday, October 11th. Barclays upped their price objective on Lululemon Athletica from $435.00 to $446.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. StockNews.com assumed coverage on Lululemon Athletica in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen upped their target price on Lululemon Athletica from $512.00 to $531.00 and gave the company an “outperform” rating in a research report on Tuesday, August 30th. Finally, The Goldman Sachs Group upped their target price on Lululemon Athletica from $365.00 to $383.00 in a research report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $400.74.

Lululemon Athletica Trading Down 1.8 %

Shares of LULU stock opened at $347.85 on Friday. The company has a market cap of $44.35 billion, a price-to-earnings ratio of 40.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. The stock has a 50 day simple moving average of $318.13 and a 200-day simple moving average of $306.19. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $478.28.

Lululemon Athletica (NASDAQ:LULUGet Rating) last issued its earnings results on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.34. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Lululemon Athletica had a return on equity of 40.95% and a net margin of 15.60%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. On average, equities analysts forecast that Lululemon Athletica Inc. will post 9.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Kathryn Henry sold 189 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $351.80, for a total value of $66,490.20. Following the sale, the director now owns 4,102 shares in the company, valued at approximately $1,443,083.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

About Lululemon Athletica

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lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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