Radnor Capital Management LLC Trims Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Radnor Capital Management LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,275 shares of the apparel retailer’s stock after selling 277 shares during the period. Radnor Capital Management LLC’s holdings in Lululemon Athletica were worth $1,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LULU. Geode Capital Management LLC increased its stake in shares of Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock valued at $310,763,000 after buying an additional 37,239 shares during the last quarter. International Assets Investment Management LLC lifted its position in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lululemon Athletica by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after purchasing an additional 19,808 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 2.5 %

NASDAQ:LULU opened at $388.74 on Wednesday. The business’s 50-day simple moving average is $358.92 and its two-hundred day simple moving average is $303.06. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The stock has a market cap of $47.34 billion, a PE ratio of 28.07, a P/E/G ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Raymond James upped their price target on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Oppenheimer dropped their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Finally, TD Securities boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $386.23.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the company’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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, 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. Company insiders own 0.48% of the company’s stock.

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.