IHT Wealth Management LLC Sells 958 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

IHT Wealth Management LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,087 shares of the apparel retailer's stock after selling 958 shares during the quarter. IHT Wealth Management LLC's holdings in Lululemon Athletica were worth $1,563,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Beacon Capital Management LLC grew its holdings in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. lifted its position in shares of Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after acquiring an additional 26 shares during the period. Dnca Finance increased its holdings in Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 26 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position 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 acquiring an additional 28 shares during the period. Institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Bank of America dropped their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the stock a "negative" rating in a research note on Friday, March 28th. Finally, Wells Fargo & Company reduced their target price on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $372.28.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $261.71 on Wednesday. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business has a 50-day moving average of $311.93 and a 200 day moving average of $338.59. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 earnings per share. The business's quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Lululemon Athletica Company Profile

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.

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