Tritonpoint Wealth LLC Decreases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Tritonpoint Wealth LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,802 shares of the apparel retailer’s stock after selling 92 shares during the period. Tritonpoint Wealth LLC’s holdings in Lululemon Athletica were worth $2,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. Tokio Marine Asset Management Co. Ltd. raised its holdings in Lululemon Athletica by 6.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,375 shares of the apparel retailer’s stock valued at $1,291,000 after buying an additional 211 shares during the last quarter. Marietta Wealth Management LLC grew its holdings in Lululemon Athletica by 0.5% in the 4th quarter. Marietta Wealth Management LLC now owns 21,660 shares of the apparel retailer’s stock worth $8,283,000 after acquiring an additional 105 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Lululemon Athletica by 9.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 826 shares of the apparel retailer’s stock valued at $325,000 after acquiring an additional 72 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $230,000. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $276,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Down 1.7 %

Shares of NASDAQ LULU opened at $414.20 on Friday. The firm’s 50-day moving average price is $378.74 and its 200-day moving average price is $311.76. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company has a market cap of $50.44 billion, a PE ratio of 29.91, a PEG ratio of 2.68 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on LULU shares. Guggenheim upped their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a research note on Friday, January 10th. Evercore ISI boosted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. UBS Group raised their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Two equities research analysts have 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.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $395.67.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents 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 company insiders.

About Lululemon Athletica

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.