WealthPlan Investment Management LLC Sells 5,664 Shares of lululemon athletica inc. $LULU

WealthPlan Investment Management LLC lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 58.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,041 shares of the apparel retailer’s stock after selling 5,664 shares during the quarter. WealthPlan Investment Management LLC’s holdings in lululemon athletica were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. lifted its holdings in lululemon athletica by 66.7% in the third quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after acquiring an additional 8,400 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in lululemon athletica by 53.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer’s stock valued at $14,150,000 after acquiring an additional 23,623 shares during the period. Pacific Heights Asset Management LLC lifted its holdings in lululemon athletica by 44.4% in the third quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock valued at $11,565,000 after acquiring an additional 20,000 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in lululemon athletica by 46.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer’s stock valued at $5,319,000 after acquiring an additional 8,134 shares during the period. Finally, Mediolanum International Funds Ltd lifted its holdings in lululemon athletica by 72.8% in the third quarter. Mediolanum International Funds Ltd now owns 54,318 shares of the apparel retailer’s stock valued at $9,729,000 after acquiring an additional 22,891 shares during the period. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LULU shares. JPMorgan Chase & Co. lowered their target price on lululemon athletica from $196.00 to $173.00 in a report on Wednesday, May 6th. Bank of America decreased their price objective on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Jefferies Financial Group decreased their price objective on lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. The Goldman Sachs Group decreased their price objective on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Finally, Robert W. Baird decreased their price objective on lululemon athletica from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $203.80.

Insider Activity at lululemon athletica

In related news, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total transaction of $100,142.00. Following the sale, the insider owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. This trade represents a 3.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles V. Bergh bought 6,090 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the purchase, the director directly owned 6,090 shares in the company, valued at $999,978. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Price Performance

NASDAQ LULU opened at $119.14 on Monday. The stock’s 50-day moving average price is $152.48 and its 200-day moving average price is $174.49. lululemon athletica inc. has a 52 week low of $119.06 and a 52 week high of $340.25. The company has a market capitalization of $14.38 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 3.66 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping the consensus estimate of $4.78 by $0.23. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 earnings per share. Research analysts anticipate that lululemon athletica inc. will post 12.3 EPS for the current year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.