Avestar Capital LLC Has $307,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Avestar Capital LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 23.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 804 shares of the apparel retailer’s stock after selling 246 shares during the period. Avestar Capital LLC’s holdings in Lululemon Athletica were worth $307,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Lululemon Athletica by 5.0% during the 4th quarter. Van ECK Associates Corp now owns 43,569 shares of the apparel retailer’s stock worth $16,661,000 after buying an additional 2,073 shares during the period. Davidson Capital Management Inc. raised its holdings in Lululemon Athletica by 4.3% during the 4th quarter. Davidson Capital Management Inc. now owns 10,557 shares of the apparel retailer’s stock worth $4,037,000 after buying an additional 433 shares during the period. Great Lakes Retirement Inc. raised its holdings in Lululemon Athletica by 4.5% during the 4th quarter. Great Lakes Retirement Inc. now owns 4,052 shares of the apparel retailer’s stock worth $1,550,000 after buying an additional 173 shares during the period. Sovran Advisors LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $384,000. Finally, Peterson Wealth Services raised its holdings in Lululemon Athletica by 1.9% during the 4th quarter. Peterson Wealth Services now owns 8,044 shares of the apparel retailer’s stock worth $3,076,000 after buying an additional 149 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LULU has been the topic of several research analyst reports. Truist Financial raised their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley raised their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Citigroup raised their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. TD Securities raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp raised their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Stock Down 6.2 %

LULU stock opened at $366.68 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The business has a 50-day simple moving average of $392.03 and a 200 day simple moving average of $319.70. The company has a market cap of $44.65 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (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 previous year, the business posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated 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 directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

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.