Nicole Neuburger Sells 2,022 Shares of Lululemon Athletica Inc. (NASDAQ:LULU) Stock

Lululemon Athletica Inc. (NASDAQ:LULU) insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lululemon Athletica Stock Performance

LULU stock opened at $382.41 on Wednesday. The stock’s 50 day moving average price is $342.49 and its 200 day moving average price is $297.46. The firm has a market cap of $46.57 billion, a P/E ratio of 27.61, a PEG ratio of 2.78 and a beta of 1.23. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $508.92.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 earnings per share. On average, research analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Institutional Investors Weigh In On Lululemon Athletica

Hedge funds have recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. HHM Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 46 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Lululemon Athletica in the second quarter valued at $36,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $338.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Evercore ISI increased their target price on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. KeyCorp lifted their target price on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Raymond James upped their price target on Lululemon Athletica from $320.00 to $355.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.63.

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.