Little House Capital LLC Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Little House Capital LLC reduced its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% during the 4th quarter, Holdings Channel reports. The fund owned 913 shares of the apparel retailer’s stock after selling 123 shares during the period. Little House Capital LLC’s holdings in Lululemon Athletica were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Rockline Wealth Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $1,503,000. Envestnet Asset Management Inc. boosted its holdings in Lululemon Athletica by 30.3% during the third quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock worth $73,248,000 after buying an additional 44,141 shares in the last quarter. Blair William & Co. IL boosted its holdings in Lululemon Athletica by 1.9% during the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after buying an additional 5,403 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Lululemon Athletica by 10.9% during the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after buying an additional 168 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Lululemon Athletica by 42.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after buying an additional 805 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 1.3 %

Lululemon Athletica stock traded up $4.70 during midday trading on Friday, hitting $364.70. 1,234,535 shares of the stock were exchanged, compared to its average volume of 2,023,414. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The stock has a market capitalization of $45.96 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.29 and a beta of 1.30. The stock’s 50-day simple moving average is $410.57 and its 200 day simple moving average is $438.70.

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 company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.40 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC reduced their price objective on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. TD Cowen reduced their price objective on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Morgan Stanley reduced their price objective on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Oppenheimer restated an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $481.96.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction 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 directly owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.