Montrusco Bolton Investments Inc. Decreases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Montrusco Bolton Investments Inc. lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 59.9% during the fourth quarter, HoldingsChannel reports. The fund owned 245,583 shares of the apparel retailer’s stock after selling 366,231 shares during the period. Lululemon Athletica accounts for about 1.1% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Lululemon Athletica were worth $93,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shepherd Financial Partners LLC acquired a new stake in Lululemon Athletica during the third quarter worth approximately $953,000. Rheos Capital Works Inc. grew its position in shares of Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after buying an additional 2,500 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after acquiring an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after acquiring an additional 34,704 shares in the last quarter. Finally, Touchstone Capital Inc. purchased a new position in shares of Lululemon Athletica during the third quarter worth about $4,084,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $409.42 on Wednesday. The firm’s 50-day moving average is $372.62 and its two-hundred day moving average is $309.37. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The company has a market capitalization of $49.86 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Truist Financial boosted their target price on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Citigroup increased their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. TD Cowen lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. 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 research note on Friday, December 6th. Finally, Morgan Stanley lifted their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $395.67.

Read Our Latest Report on LULU

About Lululemon Athletica

(Free Report)

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.

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Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULUFree Report).

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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