Strategic Advisors LLC Decreases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Strategic Advisors LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,611 shares of the apparel retailer’s stock after selling 120 shares during the quarter. Strategic Advisors LLC’s holdings in Lululemon Athletica were worth $1,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Beacon Capital Management LLC lifted its stake in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC raised 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. Mather Group LLC. raised its holdings in Lululemon Athletica by 21.1% in the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after acquiring an additional 31 shares during the last quarter. Adirondack Trust Co. raised its holdings in Lululemon Athletica by 6.5% in the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after acquiring an additional 40 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Oppenheimer increased their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Raymond James restated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Buying and Selling at Lululemon Athletica

In other 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 transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade 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 currently owned by corporate insiders.

Lululemon Athletica Stock Down 6.2 %

Shares of LULU stock opened at $366.68 on Monday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The stock has a market capitalization of $44.66 billion, a PE ratio of 26.48, a P/E/G ratio of 2.51 and a beta of 1.19. The firm has a 50 day moving average of $391.37 and a two-hundred day moving average of $320.90.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 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 company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company posted $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.