abrdn plc Sells 45,116 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

abrdn plc cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 36.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,264 shares of the apparel retailer’s stock after selling 45,116 shares during the period. abrdn plc’s holdings in Lululemon Athletica were worth $29,478,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages recently commented on LULU. Oppenheimer cut their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Piper Sandler upped their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $395.67.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on 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 sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Down 0.7 %

NASDAQ:LULU opened at $412.80 on Thursday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The stock has a market capitalization of $50.27 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.70 and a beta of 1.19. The firm has a 50 day moving average of $382.35 and a 200 day moving average of $313.87.

Lululemon Athletica (NASDAQ:LULU) last issued 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 analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.