Robertson Stephens Wealth Management LLC Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Robertson Stephens Wealth Management LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 56.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 684 shares of the apparel retailer’s stock after selling 900 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Lululemon Athletica were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LULU. International Assets Investment Management LLC grew its holdings in shares of Lululemon Athletica by 51,219.6% during the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after buying an additional 686,855 shares in the last quarter. Morgan Stanley grew its stake in Lululemon Athletica by 29.2% in the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after acquiring an additional 437,069 shares during the period. Schroder Investment Management Group grew its stake in Lululemon Athletica by 20.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after acquiring an additional 310,347 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $71,483,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Lululemon Athletica by 34.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock worth $257,627,000 after purchasing an additional 171,227 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 1.2 %

Shares of NASDAQ LULU opened at $355.15 on Friday. The business has a 50 day moving average price of $403.31 and a two-hundred day moving average price of $437.77. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The firm has a market cap of $44.75 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30.

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

Insider Activity

In other news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LULU shares. Guggenheim lowered their price objective 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Jefferies Financial Group decreased their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research report on Thursday, April 4th. Truist Financial dropped their price target on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Robert W. Baird decreased their price target on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $476.57.

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.