Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Trimmed by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,304 shares of the apparel retailer's stock after selling 1,054 shares during the period. Cullen Frost Bankers Inc.'s holdings in Lululemon Athletica were worth $6,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC raised its holdings in Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after purchasing an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after purchasing an additional 28 shares in the last quarter. LGT Fund Management Co Ltd. boosted its position in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after acquiring an additional 30 shares during the last quarter. Finally, Mather Group LLC. boosted its position in Lululemon Athletica by 21.1% during the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer's stock worth $68,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Remove Ads

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value 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 approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 $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. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Trading Down 1.0 %

LULU stock traded down $3.58 during mid-day trading on Friday, hitting $344.36. 1,717,367 shares of the company were exchanged, compared to its average volume of 1,609,106. The company has a market capitalization of $41.94 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm has a fifty day simple moving average of $382.97 and a 200 day simple moving average of $333.33.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 EPS. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

LULU has been the topic of a number of analyst reports. TD Securities raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Truist Financial increased their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Oppenheimer increased their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets increased 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 note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $399.14.

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.