Harbor Investment Advisory LLC Sells 894 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Harbor Investment Advisory LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the apparel retailer's stock after selling 894 shares during the period. Harbor Investment Advisory LLC's holdings in Lululemon Athletica were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LULU. Geode Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after acquiring an additional 44,294 shares during the period. Legal & General Group Plc increased its holdings in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock worth $310,763,000 after buying an additional 37,239 shares in the last quarter. International Assets Investment Management LLC grew its position in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after acquiring an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock valued at $190,567,000 after purchasing an additional 19,808 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in shares of Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after purchasing an additional 185,440 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Trading Down 0.2 %

Lululemon Athletica stock traded down $0.89 during trading on Tuesday, hitting $372.81. 2,092,154 shares of the company were exchanged, compared to its average volume of 1,692,392. The business's 50 day moving average is $363.72 and its 200 day moving average is $305.10. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The company has a market capitalization of $45.40 billion, a P/E ratio of 26.92, a PEG ratio of 2.44 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 EPS. Equities analysts expect that Lululemon Athletica Inc. will post 14.33 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The stock was 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 owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This trade represents 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 company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LULU shares. Morgan Stanley boosted their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. Raymond James reissued an "outperform" rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Robert W. Baird lifted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Piper Sandler increased their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, TD Cowen boosted their price target 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 assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $390.33.

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.