Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,087 shares of the apparel retailer's stock after selling 958 shares during the period. IHT Wealth Management LLC's holdings in Lululemon Athletica were worth $1,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

LULU has been the topic of several research analyst reports. Bank of America dropped their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Barclays reduced their price objective on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. BTIG Research reduced their price target on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the stock a "negative" rating in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.28.

Lululemon Athletica Trading Down 0.2 %

NASDAQ:LULU traded down $0.47 during midday trading on Monday, hitting $267.43. 462,672 shares of the company were exchanged, compared to its average volume of 2,167,696. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The company has a market capitalization of $32.26 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company has a fifty day simple moving average of $305.90 and a 200 day simple moving average of $338.91.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.29 EPS. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Lululemon Athletica 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.