Integrated Wealth Concepts LLC Sells 586 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Integrated Wealth Concepts LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,102 shares of the apparel retailer’s stock after selling 586 shares during the period. Integrated Wealth Concepts LLC’s holdings in Lululemon Athletica were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at about $29,000. Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica during the second quarter valued at about $33,000. HHM Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 46 shares during the period. Finally, JFS Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Telsey Advisory Group boosted their price target on shares of Lululemon Athletica from $360.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Raymond James upped their price objective on shares of Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Sanford C. Bernstein cut their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. TD Cowen cut their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, KeyCorp upped their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.63.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $397.10 on Wednesday. The company has a market capitalization of $48.75 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The company’s fifty day moving average price is $308.46 and its 200-day moving average price is $288.72.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.53 EPS. Equities research analysts expect that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal year.

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.