Clear Perspective Advisors LLC Sells 306 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Clear Perspective Advisors LLC lowered its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 29.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 743 shares of the apparel retailer’s stock after selling 306 shares during the quarter. Clear Perspective Advisors LLC’s holdings in Lululemon Athletica were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LULU. Bartlett & Co. LLC lifted its holdings in shares of Lululemon Athletica by 12.5% in the 2nd quarter. Bartlett & Co. LLC now owns 225 shares of the apparel retailer’s stock worth $82,000 after buying an additional 25 shares during the period. Lincoln National Corp lifted its stake in shares of Lululemon Athletica by 3.5% during the 2nd quarter. Lincoln National Corp now owns 898 shares of the apparel retailer’s stock worth $327,000 after purchasing an additional 30 shares during the last quarter. Blueshift Asset Management LLC lifted its stake in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Blueshift Asset Management LLC now owns 2,826 shares of the apparel retailer’s stock worth $1,031,000 after purchasing an additional 36 shares during the last quarter. WD Rutherford LLC increased its position in Lululemon Athletica by 0.7% during the 2nd quarter. WD Rutherford LLC now owns 6,025 shares of the apparel retailer’s stock valued at $2,199,000 after buying an additional 40 shares in the last quarter. Finally, Cresset Asset Management LLC increased its position in Lululemon Athletica by 5.5% during the 1st quarter. Cresset Asset Management LLC now owns 805 shares of the apparel retailer’s stock valued at $247,000 after buying an additional 42 shares in the last quarter. Institutional investors own 79.83% of the company’s stock.

In related news, insider Michelle Sun Choe sold 21,223 shares of the company’s stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $424.75, for a total value of $9,014,469.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kathryn Henry sold 250 shares of the stock in a transaction that occurred on Wednesday, September 15th. The shares were sold at an average price of $420.00, for a total transaction of $105,000.00. Following the transaction, the director now owns 4,054 shares in the company, valued at $1,702,680. The disclosure for this sale can be found here. Insiders sold a total of 31,723 shares of company stock valued at $13,501,272 in the last quarter. 0.39% of the stock is currently owned by company insiders.

Several analysts recently commented on LULU shares. Bank of America raised their target price on Lululemon Athletica from $410.00 to $480.00 and gave the stock a “buy” rating in a report on Thursday, September 9th. KGI Securities assumed coverage on Lululemon Athletica in a report on Tuesday, July 6th. They issued an “outperform” rating for the company. B. Riley raised their target price on Lululemon Athletica from $370.00 to $466.00 and gave the stock a “buy” rating in a research note on Tuesday, August 17th. Zacks Investment Research cut Lululemon Athletica from a “buy” rating to a “hold” rating and set a $446.00 price objective for the company. in a research note on Friday, September 10th. Finally, Argus lifted their target price on Lululemon Athletica from $416.00 to $500.00 and gave the company a “buy” rating in a report on Friday, September 10th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Buy” and a consensus price target of $448.32.

LULU stock traded up $5.56 during mid-day trading on Thursday, hitting $406.27. The stock had a trading volume of 11,259 shares, compared to its average volume of 1,179,017. Lululemon Athletica Inc. has a 52 week low of $269.28 and a 52 week high of $437.32. The firm has a market capitalization of $52.74 billion, a P/E ratio of 64.46, a P/E/G ratio of 3.06 and a beta of 1.36. The firm has a fifty day simple moving average of $406.82 and a 200 day simple moving average of $365.46.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Tuesday, September 7th. The apparel retailer reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.46. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.33 billion. Lululemon Athletica had a net margin of 14.96% and a return on equity of 34.16%. The firm’s quarterly revenue was up 60.7% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. As a group, analysts anticipate that Lululemon Athletica Inc. will post 7.58 earnings per share for the current year.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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