Outlook Wealth Advisors LLC Sells 108 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Outlook Wealth Advisors LLC reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,322 shares of the apparel retailer’s stock after selling 108 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $516,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LULU. CWM LLC grew its holdings in Lululemon Athletica by 9.3% during the 3rd quarter. CWM LLC now owns 1,349 shares of the apparel retailer’s stock worth $520,000 after acquiring an additional 115 shares during the period. IFP Advisors Inc increased its holdings in Lululemon Athletica by 57.0% in the third quarter. IFP Advisors Inc now owns 700 shares of the apparel retailer’s stock worth $270,000 after purchasing an additional 254 shares in the last quarter. Impact Partnership Wealth LLC increased its holdings in Lululemon Athletica by 954.5% in the third quarter. Impact Partnership Wealth LLC now owns 116 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 105 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Lululemon Athletica by 11.1% in the third quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer’s stock valued at $741,000 after buying an additional 192 shares during the period. Finally, Park Place Capital Corp boosted its holdings in shares of Lululemon Athletica by 53.2% during the 3rd quarter. Park Place Capital Corp now owns 314 shares of the apparel retailer’s stock worth $121,000 after buying an additional 109 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LULU. Wedbush lowered their price objective on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Sanford C. Bernstein reduced their target price on Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a research note on Friday. Needham & Company LLC decreased their target price on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. HSBC cut their price target on Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Finally, KeyCorp decreased their price objective on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.96.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded up $4.70 during mid-day trading on Friday, reaching $364.70. The company’s stock had a trading volume of 1,234,535 shares, compared to its average volume of 2,023,414. The firm’s fifty day moving average price is $410.57 and its two-hundred day moving average price is $438.25. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The company has a market capitalization of $45.96 billion, a P/E ratio of 29.87, a PEG ratio of 1.27 and a beta of 1.30.

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

Insider Activity

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

Lululemon Athletica 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.