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

Ithaka Group LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,301 shares of the apparel retailer’s stock after selling 890 shares during the period. Lululemon Athletica comprises approximately 1.3% of Ithaka Group LLC’s holdings, making the stock its 27th largest holding. Ithaka Group LLC’s holdings in Lululemon Athletica were worth $6,865,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Rockline Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 1.3% in the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after acquiring an additional 43 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of Lululemon Athletica by 31.1% in the 1st quarter. Beacon Capital Management LLC now owns 194 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 46 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LULU shares. TD Securities boosted their price target on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Citigroup lowered their price objective on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC initiated coverage on Lululemon Athletica in a research note on Friday. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

Insider Activity

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % 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 company insiders.

Lululemon Athletica Stock Up 2.2 %

Shares of Lululemon Athletica stock opened at $315.09 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a market cap of $38.69 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The business has a fifty day simple moving average of $290.83 and a 200-day simple moving average of $289.10.

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

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.