Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,491 shares of the apparel retailer's stock after selling 2,099 shares during the period. Oppenheimer & Co. Inc.'s holdings in Lululemon Athletica were worth $3,247,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LULU. JFS Wealth Advisors LLC boosted its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after buying an additional 65 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $32,000. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after buying an additional 65 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter worth about $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was 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 owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company's stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LULU. Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a report on Wednesday, January 15th. Barclays raised their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Truist Financial raised their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, January 10th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Evercore ISI raised their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus price target of $399.14.

Lululemon Athletica Trading Down 4.9 %

NASDAQ LULU traded down $17.80 during mid-day trading on Monday, reaching $347.81. 1,694,933 shares of the company's stock traded hands, compared to its average volume of 1,595,549. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a fifty day simple moving average of $386.10 and a 200-day simple moving average of $330.91. The company has a market cap of $42.36 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued 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 company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.53 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 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.