OneDigital Investment Advisors LLC Decreases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

OneDigital Investment Advisors LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 38.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,846 shares of the apparel retailer's stock after selling 2,431 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Lululemon Athletica were worth $1,471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. grew its position in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Lululemon Athletica by 2.6% during the fourth 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 period. Dnca Finance raised its holdings in Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Truist Financial decreased their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Piper Sandler decreased their target price on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird dropped their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $370.38.

Lululemon Athletica Stock Performance

NASDAQ:LULU traded down $6.03 during trading hours on Wednesday, hitting $265.25. The company's stock had a trading volume of 541,922 shares, compared to its average volume of 2,219,867. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The business's 50-day moving average is $302.03 and its two-hundred day moving average is $338.37. The company has a market capitalization of $32.00 billion, a PE ratio of 19.13, a PEG ratio of 2.22 and a beta of 1.31.

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