Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Decreased by Avalon Global Asset Management LLC

Avalon Global Asset Management LLC lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 20.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,070 shares of the apparel retailer’s stock after selling 5,000 shares during the quarter. Avalon Global Asset Management LLC’s holdings in Lululemon Athletica were worth $5,175,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica during the third quarter worth $29,000. Ridgewood Investments LLC acquired a new position in Lululemon Athletica in the second quarter worth $33,000. Finally, Dnca Finance acquired a new position in Lululemon Athletica in the second quarter worth $34,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.4 %

Shares of NASDAQ LULU opened at $320.66 on Monday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The firm has a 50-day moving average of $297.19 and a two-hundred day moving average of $287.01. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 earnings per share. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LULU shares. Wedbush reduced their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Robert W. Baird raised their target price on shares of Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. TD Securities increased their price target on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Oppenheimer reduced their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.03.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % 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.

About Lululemon Athletica

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.