Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,536 shares of the apparel retailer’s stock after selling 156 shares during the quarter. Global Retirement Partners LLC’s holdings in Lululemon Athletica were worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LULU. Riverview Trust Co acquired a new position in Lululemon Athletica in the 1st quarter valued at about $29,000. Larson Financial Group LLC grew its position in 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 in the last quarter. Versant Capital Management Inc grew its position in 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 in the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. Finally, Ridgewood Investments LLC acquired a new position in Lululemon Athletica in the 2nd quarter valued at about $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LULU has been the subject of several research reports. Stifel Nicolaus dropped their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Raymond James decreased their price objective on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Monday, September 2nd. TD Securities lifted their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $300.00 price objective on shares of Lululemon Athletica in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $354.55.

Lululemon Athletica Trading Up 2.1 %

Shares of NASDAQ LULU opened at $297.74 on Tuesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a 50 day moving average of $266.20 and a two-hundred day moving average of $295.10. The stock has a market cap of $37.22 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business earned $2.68 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

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.