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

Carl P. Sherr & Co. LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,241 shares of the apparel retailer’s stock after selling 640 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Lululemon Athletica were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LULU. Larson Financial Group LLC boosted its position in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica in the 3rd quarter worth $29,000. Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter worth $33,000. Finally, Dnca Finance acquired a new stake in shares of Lululemon Athletica in the 2nd quarter worth $34,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, with a total value 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 $23,379,720. This represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

Shares of LULU opened at $319.52 on Friday. The company has a market capitalization of $39.23 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a 50-day simple moving average of $296.03 and a 200-day simple moving average of $288.06.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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 firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.68 earnings per share. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler lifted their price target on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Citigroup lowered their price target on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Raymond James lowered their price target on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Monday, September 2nd. Finally, Bank of America decreased their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $356.03.

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.