Montrusco Bolton Investments Inc. Cuts Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Montrusco Bolton Investments Inc. lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 59.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,583 shares of the apparel retailer’s stock after selling 366,231 shares during the period. Lululemon Athletica accounts for about 1.1% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc. owned approximately 0.20% of Lululemon Athletica worth $93,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LULU. SeaCrest Wealth Management LLC grew its holdings in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Adirondack Trust Co. boosted its position in shares of Lululemon Athletica by 6.5% in the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after purchasing an additional 40 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares during the last quarter. First Pacific Financial increased its position in Lululemon Athletica by 1.4% during the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after buying an additional 44 shares in the last quarter. Finally, Claro Advisors LLC raised its stake in Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after buying an additional 48 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. BMO Capital Markets raised their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Truist Financial boosted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Raymond James restated an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Trading Up 1.6 %

Shares of LULU opened at $409.42 on Wednesday. The company’s 50-day moving average price is $372.62 and its 200 day moving average price is $309.37. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The firm has a market cap of $49.86 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

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.