Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 797 shares of the apparel retailer’s stock after selling 212 shares during the quarter. CreativeOne Wealth LLC’s holdings in Lululemon Athletica were worth $305,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the fourth quarter worth $32,000. Sound Income Strategies LLC lifted 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 acquiring an additional 65 shares during the period. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

LULU stock opened at $251.08 on Monday. The stock has a 50-day simple moving average of $317.33 and a 200-day simple moving average of $339.24. The firm has a market cap of $30.29 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm earned $5.29 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Robert W. Baird lowered their price target on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. BMO Capital Markets dropped their price target on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Finally, BTIG Research decreased their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.72.

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.