Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,703 shares of the apparel retailer’s stock after selling 1,088 shares during the period. Aljian Capital Management LLC’s holdings in Lululemon Athletica were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $36,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $38,000. Finally, Stonebridge Financial Group LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % 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 Trading Down 0.6 %

Lululemon Athletica stock opened at $395.16 on Thursday. The stock has a market cap of $48.12 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The company has a fifty day simple moving average of $391.11 and a 200-day simple moving average of $319.20. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 earnings per share. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. UBS Group increased their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a research note on Friday, January 10th. Finally, Barclays upped their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.