Carl P. Sherr & Co. LLC Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Carl P. Sherr & Co. LLC lessened its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 22.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,241 shares of the apparel retailer’s stock after selling 640 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Lululemon Athletica were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LULU. Larson Financial Group LLC lifted its position in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $29,000. Versant Capital Management Inc raised its stake in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of analyst reports. Raymond James decreased their price objective on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Wedbush decreased their target price on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Piper Sandler upped their target price on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company dropped their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $356.03.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 0.2 %

NASDAQ:LULU opened at $319.52 on Friday. The business’s 50-day simple moving average is $296.03 and its two-hundred day simple moving average is $288.06. The stock has a market cap of $39.23 billion, a PE ratio of 24.69, a P/E/G ratio of 2.32 and a beta of 1.24. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal 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.