Sheaff Brock Investment Advisors LLC lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,070 shares of the apparel retailer’s stock after selling 75 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Lululemon Athletica were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in LULU. International Assets Investment Management LLC raised its holdings in shares of Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Lululemon Athletica during the third quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company raised its holdings in Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Lululemon Athletica during the third quarter worth approximately $81,405,000. Finally, River Road Asset Management LLC bought a new stake in Lululemon Athletica during the third quarter worth approximately $79,503,000. Institutional investors own 85.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Raymond James reissued an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Robert W. Baird boosted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. Finally, Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. One equities 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’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.
Lululemon Athletica Stock Down 6.2 %
Lululemon Athletica stock opened at $366.68 on Monday. The company’s fifty day simple moving average is $391.37 and its 200-day simple moving average is $320.90. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a market cap of $44.66 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.51 and a beta of 1.19.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.
Insider Activity at Lululemon Athletica
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were 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 owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
Lululemon Athletica Company 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.
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