Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,200 shares of the apparel retailer’s stock after selling 894 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Lululemon Athletica were worth $1,989,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bremer Bank National Association lifted its holdings in Lululemon Athletica by 91.5% in the fourth quarter. Bremer Bank National Association now owns 14,480 shares of the apparel retailer’s stock valued at $5,537,000 after acquiring an additional 6,919 shares during the period. Wealth Management Partners LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at about $217,000. Diversify Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $229,000. Liberty One Investment Management LLC boosted its holdings in Lululemon Athletica by 24.4% during the fourth quarter. Liberty One Investment Management LLC now owns 3,382 shares of the apparel retailer’s stock worth $1,293,000 after buying an additional 664 shares in the last quarter. Finally, Clarius Group LLC acquired a new position in Lululemon Athletica during the fourth quarter worth about $232,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LULU shares. KeyCorp boosted their price target on Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Oppenheimer decreased their target price 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. Piper Sandler raised their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Barclays lifted their price target on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Insiders Place Their Bets

In other Lululemon Athletica news, 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 transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The shares were 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 owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Up 0.7 %

LULU stock opened at $373.70 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The company has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18. The business has a fifty day simple moving average of $362.61 and a 200-day simple moving average of $304.59.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, analysts expect that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal 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.