IHT Wealth Management LLC Decreases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

IHT Wealth Management LLC lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,087 shares of the apparel retailer’s stock after selling 958 shares during the quarter. IHT Wealth Management LLC’s holdings in Lululemon Athletica were worth $1,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alliancebernstein L.P. increased its holdings in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC increased its stake in Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares during the last quarter. Capital World Investors lifted its position in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after buying an additional 556,406 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after buying an additional 421,890 shares in the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $523,520,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LULU shares. Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Truist Financial cut their price target on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $372.28.

Lululemon Athletica Price Performance

LULU opened at $261.71 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $31.57 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.22 and a beta of 1.31. The stock’s 50 day simple moving average is $311.93 and its 200 day simple moving average is $338.59.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.