Knights of Columbus Asset Advisors LLC Decreases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,558 shares of the apparel retailer’s stock after selling 2,336 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Lululemon Athletica were worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LULU. Valley National Advisers Inc. lifted its holdings in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at $27,000. Bogart Wealth LLC lifted its holdings in Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in Lululemon Athletica in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of a number of research reports. Telsey Advisory Group restated an “outperform” rating and issued a $550.00 price objective on shares of Lululemon Athletica in a report on Friday, March 22nd. Guggenheim cut their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. BNP Paribas downgraded Lululemon Athletica from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $430.00 to $415.00 in a research note on Friday, February 9th. HSBC cut their target price on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Finally, Truist Financial cut their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $483.61.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 1.4 %

Shares of NASDAQ:LULU opened at $352.47 on Friday. The company has a market capitalization of $44.41 billion, a PE ratio of 28.87, a P/E/G ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The firm has a 50 day simple moving average of $420.09 and a 200-day simple moving average of $438.90.

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

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.