Schechter Investment Advisors LLC Sells 62 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Schechter Investment Advisors LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,422 shares of the apparel retailer’s stock after selling 62 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,238,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LULU. Union Savings Bank bought a new position in shares of Lululemon Athletica in the second quarter worth about $25,000. Milestone Investment Advisors LLC bought a new position in shares of Lululemon Athletica in the third quarter worth about $27,000. Bogart Wealth LLC increased its stake in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 54 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $41,000. Finally, Founders Capital Management bought a new position in Lululemon Athletica during the third quarter valued at about $39,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 0.9 %

Shares of NASDAQ LULU opened at $389.46 on Thursday. The firm has a market cap of $49.15 billion, a PE ratio of 31.90, a PEG ratio of 1.36 and a beta of 1.33. Lululemon Athletica Inc. has a 1-year low of $314.22 and a 1-year high of $516.39. The company has a fifty day moving average price of $459.59 and a 200 day moving average price of $442.32.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.40 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Lululemon Athletica declared that its board has approved a share repurchase program on Thursday, December 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the apparel retailer to reacquire up to 1.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

LULU has been the topic of several research reports. Jefferies Financial Group restated an “underperform” rating and set a $300.00 price target on shares of Lululemon Athletica in a research note on Friday, March 22nd. Citigroup decreased their price objective on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $539.00 price objective (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Barclays decreased their price objective on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Robert W. Baird boosted their target price on Lululemon Athletica from $520.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $493.66.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.