Marietta Wealth Management LLC Trims Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Marietta Wealth Management LLC lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,918 shares of the apparel retailer’s stock after selling 245 shares during the quarter. Lululemon Athletica accounts for about 1.5% of Marietta Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Marietta Wealth Management LLC’s holdings in Lululemon Athletica were worth $8,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Rockline Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. lifted its position in shares of Lululemon Athletica by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock worth $73,248,000 after purchasing an additional 44,141 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Lululemon Athletica by 1.9% during the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after purchasing an additional 5,403 shares in the last quarter. HB Wealth Management LLC increased its holdings in Lululemon Athletica by 10.9% in the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock valued at $871,000 after buying an additional 168 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Lululemon Athletica by 42.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock valued at $1,386,000 after buying an additional 805 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LULU. Wells Fargo & Company dropped their price objective on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Evercore ISI cut their price objective on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a report on Friday, March 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $539.00 price target (down from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, Morgan Stanley reduced their price target on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $485.39.

Lululemon Athletica Trading Up 1.0 %

Shares of NASDAQ:LULU traded up $3.49 on Tuesday, hitting $338.25. The company had a trading volume of 1,022,297 shares, compared to its average volume of 1,746,591. The company has a market cap of $42.62 billion, a PE ratio of 27.42, a PEG ratio of 1.19 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39. The business has a 50 day moving average of $429.56 and a 200 day moving average of $440.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.40 earnings per share. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Lululemon Athletica 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.