Gilliland Jeter Wealth Management LLC Has $358,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Gilliland Jeter Wealth Management LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 44.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,320 shares of the apparel retailer’s stock after selling 1,077 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Lululemon Athletica were worth $358,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of Lululemon Athletica during the 1st quarter valued at $29,000. Larson Financial Group LLC raised its position in shares of Lululemon Athletica by 78.2% in the 2nd 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 in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica in the third quarter valued at approximately $29,000. Versant Capital Management Inc raised its position in Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Lululemon Athletica during the second quarter worth $33,000. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LULU. Truist Financial reissued a “buy” rating and set a $310.00 price target on shares of Lululemon Athletica in a report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Guggenheim lowered their price objective on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Citigroup cut their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Finally, TD Cowen lowered their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.55.

Lululemon Athletica Price Performance

Shares of LULU opened at $291.63 on Monday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The company has a market cap of $36.45 billion, a PE ratio of 23.39, a P/E/G ratio of 1.99 and a beta of 1.25. The stock has a 50-day moving average of $265.04 and a 200-day moving average of $295.53.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

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.