Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Coastline Trust Co

Coastline Trust Co reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 65.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270 shares of the apparel retailer’s stock after selling 520 shares during the quarter. Coastline Trust Co’s holdings in Lululemon Athletica were worth $73,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the period. Paladin Wealth LLC bought a new stake in Lululemon Athletica during the third quarter worth approximately $29,000. Versant Capital Management Inc increased its holdings in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 40 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 4.66 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 3.1 %

LULU stock opened at $320.01 on Friday. The business’s 50-day simple moving average is $286.35 and its 200 day simple moving average is $289.90. The company has a market cap of $39.29 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.68 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LULU. Wedbush decreased their price target on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Truist Financial raised their price objective on shares of Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Thursday, July 25th. KeyCorp reduced their price target on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Raymond James decreased their target price on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Monday, September 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

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.