Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,422 shares of the apparel retailer’s stock after selling 62 shares during the period. Schechter Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,238,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. boosted its holdings in Lululemon Athletica by 3.4% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,349 shares of the apparel retailer’s stock worth $1,201,000 after buying an additional 77 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in Lululemon Athletica in the 4th quarter worth about $456,000. Simon Quick Advisors LLC boosted its holdings in Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after buying an additional 22 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 22.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 1,097 shares of the apparel retailer’s stock worth $561,000 after buying an additional 203 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Lululemon Athletica by 203.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,233 shares of the apparel retailer’s stock worth $7,788,000 after buying an additional 10,221 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 0.9 %

NASDAQ LULU opened at $389.46 on Thursday. The stock has a market capitalization of $49.15 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.36 and a beta of 1.33. The business’s 50 day moving average is $459.59 and its two-hundred day moving average is $442.32. Lululemon Athletica Inc. has a 12-month low of $314.22 and a 12-month high of $516.39.

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, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the company posted $4.40 earnings per share. Lululemon Athletica’s quarterly revenue was up 15.6% on a year-over-year basis. Equities analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Lululemon Athletica announced that its board has approved a share buyback program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 1.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LULU shares. Evercore ISI lowered their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $500.00 to $502.00 and gave the stock a “buy” rating in a report on Friday, December 8th. BMO Capital Markets boosted their target price on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Guggenheim lowered their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Wells Fargo & Company decreased their price objective on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $493.66.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.