Forte Capital LLC ADV Cuts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Forte Capital LLC ADV lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,101 shares of the apparel retailer’s stock after selling 453 shares during the quarter. Lululemon Athletica accounts for 2.1% of Forte Capital LLC ADV’s investment 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 SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lululemon Athletica in the third quarter worth $27,000. Bogart Wealth LLC increased its stake in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in Lululemon Athletica during the 4th quarter valued at $40,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded up $4.35 during midday trading on Friday, reaching $355.15. 1,257,860 shares of the company traded hands, compared to its average volume of 1,878,894. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The business has a 50 day moving average of $401.25 and a two-hundred day moving average of $437.35. The firm has a market capitalization of $44.75 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last released 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 firm had revenue of $3.21 billion for 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 company’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.40 EPS. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at $194,645. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on LULU. TD Cowen lowered 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 note on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $445.00 price objective (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Guggenheim reduced their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird dropped their price target 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. Finally, KeyCorp cut their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $476.57.

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.