Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,619 shares of the apparel retailer's stock after selling 14,426 shares during the quarter. Barlow Wealth Partners Inc.'s holdings in Lululemon Athletica were worth $11,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica in the third quarter valued at about $29,000. JFS Wealth Advisors LLC grew its holdings in Lululemon Athletica by 127.5% during the 3rd 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. Armstrong Advisory Group Inc. raised its position in shares of Lululemon Athletica by 110.1% during the third 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 during the last quarter. Asset Dedication LLC lifted its holdings in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer's stock worth $64,000 after buying an additional 189 shares in the last quarter. Finally, Avondale Wealth Management bought a new stake in Lululemon Athletica in the 3rd quarter valued at $68,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LULU. Truist Financial raised their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Citigroup increased their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. BMO Capital Markets boosted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Finally, TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $390.33.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the company's 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 transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % 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 Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at $2,399,307.78. The trade was a 24.60 % 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.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded up $10.01 during trading hours on Wednesday, hitting $382.82. The company's stock had a trading volume of 1,837,010 shares, compared to its average volume of 1,690,024. The company has a market capitalization of $46.62 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 2.44 and a beta of 1.18. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The firm's fifty day moving average price is $364.75 and its 200 day moving average price is $305.63.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during 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 period in the prior year, the business posted $2.53 EPS. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.34 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.