Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,111 shares of the apparel retailer’s stock after selling 249 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Lululemon Athletica were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LULU. Larson Financial Group LLC lifted its stake in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica during the second quarter worth $33,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of LULU opened at $399.60 on Monday. The company has a market capitalization of $49.06 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The company’s fifty day moving average price is $305.79 and its 200 day moving average price is $287.98.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that Lululemon Athletica Inc. will post 14.19 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Securities boosted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday. Oppenheimer lowered their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, Raymond James lifted their price target on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $374.17.

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.