Hennion & Walsh Asset Management Inc. Has $319,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Hennion & Walsh Asset Management Inc. cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 834 shares of the apparel retailer’s stock after selling 46 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lululemon Athletica were worth $319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Paladin Wealth LLC bought a new stake in Lululemon Athletica in the 3rd quarter valued at approximately $29,000. JFS Wealth Advisors LLC raised its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 76 shares in the last quarter. Asset Dedication LLC grew its holdings in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after buying an additional 189 shares in the last quarter. Finally, Avondale Wealth Management acquired a new position in Lululemon Athletica in the 3rd quarter valued at $68,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at $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. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $372.81 on Wednesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30. The business’s fifty day moving average price is $363.72 and its 200-day moving average price is $305.10. The stock has a market capitalization of $45.40 billion, a PE ratio of 26.92, a P/E/G ratio of 2.44 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of recent analyst reports. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. UBS Group lifted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Barclays lifted their price objective 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. Piper Sandler lifted their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

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.