Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,446 shares of the apparel retailer’s stock after selling 857 shares during the quarter. Mutual Advisors LLC’s holdings in Lululemon Athletica were worth $3,875,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LULU. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $29,000. JFS Wealth Advisors LLC lifted its position in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after buying an additional 76 shares during the last quarter. Asset Dedication LLC grew its holdings in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after buying an additional 189 shares in the last quarter. Finally, Avondale Wealth Management acquired a new stake in shares of Lululemon Athletica in the 3rd quarter worth $68,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LULU. TD Cowen boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Oppenheimer decreased their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI raised their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $391.00.

Insider Activity

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 1.3 %

Shares of Lululemon Athletica stock opened at $387.85 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30. The company has a market capitalization of $47.23 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.43 and a beta of 1.18. The company has a 50 day moving average of $365.84 and a 200 day moving average of $306.17.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 EPS. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

About Lululemon Athletica

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.