lululemon athletica inc. (NASDAQ:LULU) Holdings Reduced by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC cut its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 34.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,128 shares of the apparel retailer's stock after selling 6,834 shares during the quarter. lululemon athletica makes up 1.0% of Wealth Advisory Solutions LLC's holdings, making the stock its 28th biggest holding. Wealth Advisory Solutions LLC's holdings in lululemon athletica were worth $3,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Edgestream Partners L.P. grew its stake in lululemon athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. Dnca Finance raised its stake in shares of lululemon athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 26 shares during the period. Lido Advisors LLC lifted its holdings in lululemon athletica by 1.9% during the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after purchasing an additional 32 shares in the last quarter. Assetmark Inc. boosted its stake in lululemon athletica by 2.0% in the 4th quarter. Assetmark Inc. now owns 1,651 shares of the apparel retailer's stock worth $631,000 after purchasing an additional 33 shares during the period. Finally, Belpointe Asset Management LLC grew its holdings in lululemon athletica by 0.6% during the 4th quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer's stock valued at $2,347,000 after buying an additional 36 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

lululemon athletica Price Performance

lululemon athletica stock traded down $2.01 during midday trading on Friday, hitting $236.51. 1,666,312 shares of the company were exchanged, compared to its average volume of 2,337,900. The company's fifty day moving average price is $275.03 and its 200-day moving average price is $318.36. The company has a market cap of $28.35 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 2.00 and a beta of 1.17. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32.

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler boosted their target price on lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Truist Financial dropped their price target on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Cfra Research upgraded shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Barclays reduced their price target on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. Finally, Robert W. Baird dropped their price target on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $340.26.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

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.