Apollon Wealth Management LLC Decreases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Apollon Wealth Management LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,040 shares of the apparel retailer’s stock after selling 521 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lululemon Athletica were worth $780,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Shepherd Financial Partners LLC purchased a new position in Lululemon Athletica in the third quarter worth approximately $953,000. Rheos Capital Works Inc. lifted its stake in Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after acquiring an additional 2,500 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the last quarter. Finally, Touchstone Capital Inc. purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $4,084,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LULU shares. Stifel Nicolaus restated a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. KeyCorp boosted their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Evercore ISI boosted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird upped their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Down 0.5 %

NASDAQ:LULU opened at $397.63 on Wednesday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock has a market cap of $48.42 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The firm’s fifty day simple moving average is $388.91 and its 200-day simple moving average is $317.65.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share 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 analysts’ expectations of $2.36 billion. During the same period in the prior year, the company posted $2.53 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate 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.