Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Oder Investment Management LLC

Oder Investment Management LLC lessened its position in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 18.0% in the 4th quarter, HoldingsChannel reports. The fund owned 981 shares of the apparel retailer’s stock after selling 216 shares during the period. Oder Investment Management LLC’s holdings in Lululemon Athletica were worth $384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Voya Financial Advisors Inc. grew its holdings in Lululemon Athletica by 1.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 1,428 shares of the apparel retailer’s stock worth $586,000 after acquiring an additional 26 shares in the last quarter. Resources Management Corp CT ADV lifted its position in shares of Lululemon Athletica by 0.7% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,314 shares of the apparel retailer’s stock worth $1,746,000 after buying an additional 29 shares during the last quarter. CAPROCK Group Inc. lifted its position in shares of Lululemon Athletica by 5.6% during the 4th quarter. CAPROCK Group Inc. now owns 604 shares of the apparel retailer’s stock worth $236,000 after buying an additional 32 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Lululemon Athletica by 0.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,487 shares of the apparel retailer’s stock worth $1,756,000 after buying an additional 35 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 6.1% during the 4th quarter. Opal Wealth Advisors LLC now owns 644 shares of the apparel retailer’s stock worth $252,000 after buying an additional 37 shares during the last quarter. Institutional investors own 85.48% of the company’s stock.

Lululemon Athletica stock traded up $1.42 during trading hours on Tuesday, reaching $305.57. 62,621 shares of the stock were exchanged, compared to its average volume of 1,411,948. Lululemon Athletica Inc. has a 52-week low of $278.00 and a 52-week high of $485.83. The stock has a market cap of $39.09 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.66 and a beta of 1.29. The firm’s 50 day moving average is $342.67 and its 200 day moving average is $366.80.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its quarterly earnings results on Tuesday, March 29th. The apparel retailer reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.10. Lululemon Athletica had a net margin of 15.59% and a return on equity of 37.92%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the company posted $2.58 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 9.33 earnings per share for the current fiscal year.

Lululemon Athletica declared that its board has authorized a share buyback program on Tuesday, March 29th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Several analysts have recently weighed in on LULU shares. B. Riley reduced their price objective on shares of Lululemon Athletica from $487.00 to $440.00 in a research report on Tuesday. Robert W. Baird boosted their price objective on shares of Lululemon Athletica from $425.00 to $450.00 in a research report on Wednesday, March 30th. Wedbush started coverage on shares of Lululemon Athletica in a research report on Thursday, April 28th. They set an “outperform” rating and a $430.00 price objective for the company. Zacks Investment Research restated a “hold” rating on shares of Lululemon Athletica in a research report on Thursday, March 17th. Finally, Jefferies Financial Group reduced their price target on shares of Lululemon Athletica from $420.00 to $340.00 in a research report on Wednesday, January 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $442.88.

About Lululemon Athletica (Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

Further Reading

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

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