Carmel Capital Partners LLC Sells 500 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Carmel Capital Partners LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 53.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 443 shares of the apparel retailer’s stock after selling 500 shares during the quarter. Carmel Capital Partners LLC’s holdings in Lululemon Athletica were worth $227,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Valley National Advisers Inc. lifted its holdings in Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Lululemon Athletica in the 4th quarter worth about $31,000. Milestone Investment Advisors LLC acquired a new position in Lululemon Athletica in the 3rd quarter worth about $27,000. Bogart Wealth LLC grew its position in shares of Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $40,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LULU shares. Oppenheimer reiterated an “outperform” rating and issued a $445.00 price target (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Wedbush cut their price target on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Guggenheim dropped their price objective on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Needham & Company LLC lowered their price target on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Piper Sandler decreased their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $483.61.

Lululemon Athletica Trading Up 1.4 %

LULU traded up $4.96 during trading hours on Friday, hitting $352.47. 2,470,408 shares of the company’s stock were exchanged, compared to its average volume of 3,139,792. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The firm has a 50 day moving average of $420.09 and a 200 day moving average of $438.90. The firm has a market cap of $44.41 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the business earned $4.40 EPS. The company’s revenue was up 15.6% on a year-over-year basis. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

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.