Pacer Advisors Inc. Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Pacer Advisors Inc. lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 42.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,499 shares of the apparel retailer’s stock after selling 11,633 shares during the quarter. Pacer Advisors Inc.’s holdings in Lululemon Athletica were worth $5,927,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LULU. Sound Income Strategies LLC increased its position in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica during the third quarter worth about $29,000. JFS Wealth Advisors LLC increased its holdings in Lululemon Athletica by 127.5% in 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 last quarter. Armstrong Advisory Group Inc. raised 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 valued at $39,000 after buying an additional 76 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in Lululemon Athletica by 402.1% during the third 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. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Raymond James restated an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $395.67.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Up 0.4 %

NASDAQ:LULU opened at $411.16 on Thursday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30. The firm has a market cap of $50.07 billion, a P/E ratio of 29.69, a PEG ratio of 2.50 and a beta of 1.18. The business’s 50-day moving average price is $372.62 and its 200 day moving average price is $309.37.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.53 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current 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.