Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269 shares of the apparel retailer’s stock after selling 170 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Lululemon Athletica were worth $103,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Waterloo Capital L.P. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $269,000. Quadrant Capital Group LLC boosted its position in Lululemon Athletica by 28.0% during the fourth quarter. Quadrant Capital Group LLC now owns 594 shares of the apparel retailer’s stock valued at $227,000 after purchasing an additional 130 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its stake in Lululemon Athletica by 100.0% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the apparel retailer’s stock valued at $7,648,000 after purchasing an additional 10,000 shares in the last quarter. Nutshell Asset Management Ltd purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $956,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Lululemon Athletica by 12.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 128,049 shares of the apparel retailer’s stock valued at $48,967,000 after buying an additional 14,184 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 3.1 %

Shares of LULU stock opened at $263.70 on Monday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a 50-day moving average price of $353.59 and a 200 day moving average price of $340.46. The company has a market capitalization of $32.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the business posted $5.29 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LULU. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday. Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Piper Sandler reduced their price target on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Finally, Bank of America reduced their target price on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $378.31.

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.