Global Retirement Partners LLC Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Global Retirement Partners LLC reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,211 shares of the apparel retailer’s stock after selling 325 shares during the period. Global Retirement Partners LLC’s holdings in Lululemon Athletica were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Shepherd Financial Partners LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $953,000. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $275,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the period. Rockefeller Capital Management L.P. grew its position in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock valued at $549,000 after buying an additional 1,815 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 research note on Monday, December 9th. Morgan Stanley lifted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, TD Securities raised their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction 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 directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents 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 insiders.

Lululemon Athletica Stock Performance

Shares of LULU opened at $358.97 on Monday. 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 fifty day moving average of $388.35 and a two-hundred day moving average of $325.86. The company has a market capitalization of $43.72 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.