Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,620 shares of the apparel retailer’s stock after selling 227 shares during the quarter. Gradient Investments LLC’s holdings in Lululemon Athletica were worth $2,149,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LULU. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares during the last quarter. Adirondack Trust Co. lifted its stake in Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after purchasing an additional 40 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares in the last quarter. First Pacific Financial grew its position in Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock worth $1,184,000 after buying an additional 44 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in shares of Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after buying an additional 48 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 3.1 %

Shares of LULU stock opened at $400.03 on Friday. The business’s 50 day moving average is $368.60 and its two-hundred day moving average is $307.47. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The company has a market cap of $48.72 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping 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 firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LULU. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $391.00.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s 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 transaction, 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 position. The disclosure for this sale can be found here. 0.48% of the stock is owned by 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.