Forte Capital LLC ADV Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Forte Capital LLC ADV lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,101 shares of the apparel retailer’s stock after selling 453 shares during the period. Lululemon Athletica accounts for approximately 2.1% of Forte Capital LLC ADV’s portfolio, making the stock its 12th biggest position. Forte Capital LLC ADV’s holdings in Lululemon Athletica were worth $15,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. Daymark Wealth Partners LLC lifted its position in shares of Lululemon Athletica by 3.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Lululemon Athletica by 1.9% during 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 period. Pinnacle Financial Partners Inc lifted its holdings in Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after buying an additional 23 shares in the last quarter. Baker Avenue Asset Management LP boosted its position in Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after buying an additional 25 shares during the period. Finally, Sage Mountain Advisors LLC grew its stake in shares of Lululemon Athletica by 3.3% in the third quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other news, Director Martha A. M. Morfitt acquired 700 shares of the company’s 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 purchase, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. KeyCorp reduced their price objective on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird decreased their price objective on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Truist Financial cut their target price on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Sanford C. Bernstein decreased their price target on shares of Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $476.57.

Lululemon Athletica Stock Up 1.2 %

NASDAQ:LULU traded up $4.35 during trading hours on Friday, reaching $355.15. 1,257,860 shares of the company’s stock were exchanged, compared to its average volume of 1,878,894. The firm has a market capitalization of $44.75 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39. The company has a 50-day moving average of $401.25 and a 200 day moving average of $437.35.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.40 earnings per share. Research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS 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.