Carl P. Sherr & Co. LLC Trims Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Carl P. Sherr & Co. LLC lowered its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,811 shares of the apparel retailer’s stock after selling 650 shares during the period. Lululemon Athletica comprises approximately 0.9% of Carl P. Sherr & Co. LLC’s portfolio, making the stock its 27th biggest holding. Carl P. Sherr & Co. LLC’s holdings in Lululemon Athletica were worth $1,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rockline Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. increased its position in Lululemon Athletica by 30.3% in the third 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 raised its stake in Lululemon Athletica by 1.9% during the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock valued at $112,081,000 after purchasing an additional 5,403 shares in the last quarter. HB Wealth Management LLC raised its stake in Lululemon Athletica by 10.9% during the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock valued at $871,000 after purchasing an additional 168 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Lululemon Athletica by 42.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock valued at $1,386,000 after purchasing an additional 805 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. TD Cowen dropped their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Wedbush decreased their price target on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Guggenheim lowered their price target on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Robert W. Baird boosted their price objective on shares of Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $485.39.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded up $3.82 during midday trading on Wednesday, hitting $342.80. 561,558 shares of the company’s stock were exchanged, compared to its average volume of 1,744,936. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The company has a market cap of $43.20 billion, a PE ratio of 27.76, a P/E/G ratio of 1.18 and a beta of 1.30. The firm has a 50-day moving average of $427.21 and a two-hundred day moving average of $439.92.

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

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

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.