Oppenheimer & Co. Inc. Lowers Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Oppenheimer & Co. Inc. cut its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,491 shares of the apparel retailer’s stock after selling 2,099 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Lululemon Athletica were worth $3,247,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 65 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the 4th quarter valued at $32,000. Sound Income Strategies LLC increased its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter worth $33,000. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Oppenheimer boosted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $399.14.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the 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 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 disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $365.61 on Friday. The company has a 50 day simple moving average of $386.81 and a two-hundred day simple moving average of $329.64. The firm has a market cap of $44.53 billion, a PE ratio of 26.40, a PEG ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

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