Duality Advisers LP Cuts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Posted by on May 8th, 2023

Duality Advisers LP cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 90.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,131 shares of the apparel retailer’s stock after selling 10,418 shares during the quarter. Duality Advisers LP’s holdings in Lululemon Athletica were worth $362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. Guardian Wealth Advisors LLC purchased a new position in shares of Lululemon Athletica in the third quarter valued at $26,000. Mizuho Securities Co. Ltd. grew its holdings in shares of Lululemon Athletica by 423.8% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at $45,000. Tobam grew its holdings in shares of Lululemon Athletica by 94.2% in the third quarter. Tobam now owns 200 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 97 shares in the last quarter. Finally, Accurate Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth $58,000. 82.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 17,343 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $362.00, for a total value of $6,278,166.00. Following the completion of the transaction, the insider now directly owns 15,302 shares in the company, valued at $5,539,324. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on LULU. Stifel Nicolaus lifted their price objective on shares of Lululemon Athletica from $450.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. KGI Securities raised shares of Lululemon Athletica from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 29th. Credit Suisse Group lifted their price objective on shares of Lululemon Athletica from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 29th. Guggenheim lifted their price objective on shares of Lululemon Athletica from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. Finally, Argus dropped their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, January 11th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $404.50.

Lululemon Athletica Price Performance

LULU stock opened at $386.71 on Monday. The business has a 50-day moving average price of $342.02 and a 200 day moving average price of $332.61. The company has a market capitalization of $49.18 billion, a P/E ratio of 57.89, a PEG ratio of 1.69 and a beta of 1.39. Lululemon Athletica Inc. has a 1-year low of $251.51 and a 1-year high of $389.06.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last announced its earnings results on Tuesday, March 28th. The apparel retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.70 billion. Lululemon Athletica had a net margin of 10.54% and a return on equity of 44.01%. The firm’s revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 earnings per share. On average, analysts anticipate that Lululemon Athletica Inc. will post 11.48 earnings per share for the current fiscal year.

Lululemon Athletica Company Profile

(Get Rating)

lululemon athletica, Inc engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.

Featured Articles

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating).

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.