Sequoia Financial Advisors LLC Sells 96 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Sequoia Financial Advisors LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,326 shares of the apparel retailer’s stock after selling 96 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lululemon Athletica were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LULU. Larson Financial Group LLC boosted its stake in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the period. Versant Capital Management Inc lifted its holdings in Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica in the 3rd quarter worth approximately $29,000. Ridgewood Investments LLC purchased a new stake in Lululemon Athletica during the 2nd quarter valued at approximately $33,000. Finally, Dnca Finance bought a new stake in shares of Lululemon Athletica during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

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

Lululemon Athletica Stock Up 1.7 %

Lululemon Athletica stock opened at $304.15 on Friday. The firm has a market cap of $38.02 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.17 and a beta of 1.25. The business has a fifty day moving average of $270.16 and a two-hundred day moving average of $294.32. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

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, topping 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business posted $2.68 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Analysts Set New Price Targets

LULU has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Sanford C. Bernstein cut their price objective on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Thursday, July 25th. Bank of America reduced their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. lowered their target price on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.55.

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.