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

Nvwm LLC trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 38.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,038 shares of the apparel retailer’s stock after selling 1,295 shares during the quarter. Nvwm LLC’s holdings in Lululemon Athletica were worth $779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its position in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Lululemon Athletica during the third quarter worth about $93,476,000. The Manufacturers Life Insurance Company raised its position in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $81,405,000. Finally, River Road Asset Management LLC acquired a new stake in Lululemon Athletica during the third quarter worth approximately $79,503,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LULU. Oppenheimer reduced their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. TD Cowen raised their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. UBS Group lifted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Evercore ISI upped their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $395.67.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Performance

Shares of LULU opened at $415.90 on Wednesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm’s 50 day moving average price is $382.35 and its 200 day moving average price is $313.87. The firm has a market cap of $50.65 billion, a PE ratio of 30.03, a PEG ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share 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.