Atria Wealth Solutions Inc. Has $619,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Atria Wealth Solutions Inc. lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 58.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,618 shares of the apparel retailer’s stock after selling 2,275 shares during the period. Atria Wealth Solutions Inc.’s holdings in Lululemon Athletica were worth $619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. JFS Wealth Advisors LLC boosted its position in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Asset Planning Inc bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $36,000. Finally, Pittenger & Anderson Inc. increased its holdings in Lululemon Athletica by 53.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were 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 of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. Morgan Stanley raised their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Piper Sandler upped their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Down 0.3 %

NASDAQ:LULU opened at $365.79 on Thursday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company has a market cap of $44.55 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The business has a 50 day moving average price of $387.32 and a two-hundred day moving average price of $327.92.

Lululemon Athletica (NASDAQ:LULU) last released 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 the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned $2.53 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.