Kozak & Associates Inc. Sells 638 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Kozak & Associates Inc. trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 62.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379 shares of the apparel retailer’s stock after selling 638 shares during the quarter. Kozak & Associates Inc.’s holdings in Lululemon Athletica were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in LULU. Foundations Investment Advisors LLC grew its holdings in Lululemon Athletica by 20.7% during the second quarter. Foundations Investment Advisors LLC now owns 1,025 shares of the apparel retailer’s stock worth $306,000 after buying an additional 176 shares in the last quarter. Larson Financial Group LLC raised its stake in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares during the period. TD Asset Management Inc grew its stake in Lululemon Athletica by 67.1% in the 2nd quarter. TD Asset Management Inc now owns 138,225 shares of the apparel retailer’s stock valued at $41,288,000 after buying an additional 55,482 shares in the last quarter. Arizona State Retirement System raised its holdings in Lululemon Athletica by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 33,309 shares of the apparel retailer’s stock valued at $9,949,000 after acquiring an additional 302 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of Lululemon Athletica by 2.2% in the second quarter. Cullen Frost Bankers Inc. now owns 21,374 shares of the apparel retailer’s stock valued at $6,384,000 after purchasing an additional 467 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LULU. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Piper Sandler increased their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Oppenheimer reduced their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their price objective on Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.63.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Up 3.8 %

NASDAQ:LULU traded up $14.34 during mid-day trading on Monday, reaching $392.52. 989,902 shares of the stock were exchanged, compared to its average volume of 1,111,157. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $493.49. The company has a 50 day simple moving average of $347.22 and a 200-day simple moving average of $298.82. The stock has a market capitalization of $47.80 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.53 EPS. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.17 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.