Stratos Wealth Advisors LLC Reduces Stake in lululemon athletica inc. (NASDAQ:LULU)

Stratos Wealth Advisors LLC trimmed its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,275 shares of the apparel retailer's stock after selling 1,063 shares during the quarter. Stratos Wealth Advisors LLC's holdings in lululemon athletica were worth $1,493,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in lululemon athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after buying an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Geode Capital Management LLC raised its position in shares of lululemon athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Capital World Investors increased its position in lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after buying an additional 556,406 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of lululemon athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after purchasing an additional 421,890 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LULU shares. Bank of America decreased their target price on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Stifel Nicolaus lowered their target price on lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, June 6th. CICC Research reaffirmed a "market perform" rating and set a $280.49 target price on shares of lululemon athletica in a report on Monday, June 9th. Piper Sandler raised their price target on lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Up 0.4%

NASDAQ LULU opened at $238.54 on Wednesday. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32. The business's fifty day simple moving average is $276.33 and its 200-day simple moving average is $319.94. The firm has a market cap of $28.59 billion, a PE ratio of 16.16, a P/E/G ratio of 2.01 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts expect that lululemon athletica inc. will post 14.36 EPS 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.

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