Hartford Investment Management Co. Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Hartford Investment Management Co. reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.2% in the third quarter, Holdings Channel.com reports. The firm owned 7,255 shares of the apparel retailer’s stock after selling 85 shares during the quarter. Hartford Investment Management Co.’s holdings in Lululemon Athletica were worth $1,969,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LULU. AdvisorNet Financial Inc grew its holdings in shares of Lululemon Athletica by 129.3% in the first quarter. AdvisorNet Financial Inc now owns 337 shares of the apparel retailer’s stock worth $132,000 after purchasing an additional 190 shares during the last quarter. Brookstone Capital Management grew its holdings in Lululemon Athletica by 202.8% in the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock worth $670,000 after acquiring an additional 1,148 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in Lululemon Athletica by 21.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,354 shares of the apparel retailer’s stock worth $529,000 after acquiring an additional 241 shares during the last quarter. Silverleafe Capital Partners LLC increased its position in shares of Lululemon Athletica by 54.5% in the first quarter. Silverleafe Capital Partners LLC now owns 1,700 shares of the apparel retailer’s stock valued at $664,000 after acquiring an additional 600 shares during the period. Finally, Deltec Asset Management LLC bought a new position in shares of Lululemon Athletica during the first quarter valued at about $586,000. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LULU shares. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. Telsey Advisory Group dropped their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Guggenheim reduced their price objective on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. TD Securities raised their target price on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Citigroup reduced their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $354.55.

Lululemon Athletica Trading Up 2.0 %

Shares of NASDAQ:LULU opened at $298.99 on Friday. The company has a 50-day moving average price of $268.39 and a 200 day moving average price of $294.69. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.68 EPS. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current 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.