Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,833 shares of the apparel retailer’s stock after selling 614 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,466,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $953,000. Rheos Capital Works Inc. grew its position in shares of Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after acquiring an additional 4,564 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the last quarter. Finally, Touchstone Capital Inc. acquired a new stake in Lululemon Athletica during the third quarter worth approximately $4,084,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Morgan Stanley raised their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. UBS Group raised their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Telsey Advisory Group raised their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Trading Up 0.7 %

LULU opened at $402.90 on Tuesday. The company has a fifty day simple moving average of $368.60 and a 200 day simple moving average of $307.73. The firm has a market cap of $49.07 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

About Lululemon Athletica

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.