Vontobel Holding Ltd. Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Vontobel Holding Ltd. trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,964 shares of the apparel retailer's stock after selling 9,183 shares during the period. Vontobel Holding Ltd.'s holdings in Lululemon Athletica were worth $15,283,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Shepherd Financial Partners LLC purchased a new position in Lululemon Athletica in the 3rd quarter worth approximately $953,000. Investment Partners Asset Management Inc. purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $275,000. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock worth $1,844,000 after acquiring an additional 4,564 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock worth $28,070,000 after acquiring an additional 34,704 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer's stock worth $549,000 after acquiring an additional 1,815 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 6.2 %

Shares of Lululemon Athletica stock opened at $366.68 on Friday. The firm has a market cap of $44.65 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19. The business has a 50-day moving average price of $392.03 and a 200-day moving average price of $319.70. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

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, beating analysts' consensus estimates of $2.69 by $0.18. The firm 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 earnings per share. On average, equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LULU shares. UBS Group boosted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Citigroup increased their price target on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Guggenheim increased their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Truist Financial increased their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $399.14.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

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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