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

Yarbrough Capital LLC decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 56.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 947 shares of the apparel retailer’s stock after selling 1,214 shares during the period. Yarbrough Capital LLC’s holdings in Lululemon Athletica were worth $362,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LULU. Dimensional Fund Advisors LP raised its position in shares of Lululemon Athletica by 38.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after buying an additional 203,882 shares during the period. Citizens Financial Group Inc. RI boosted its position in Lululemon Athletica by 10.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 841 shares of the apparel retailer’s stock worth $251,000 after purchasing an additional 78 shares during the period. Edgestream Partners L.P. purchased a new position in Lululemon Athletica in the second quarter valued at about $2,751,000. Axxcess Wealth Management LLC boosted its position in shares of Lululemon Athletica by 52.3% in the second quarter. Axxcess Wealth Management LLC now owns 1,467 shares of the apparel retailer’s stock worth $438,000 after buying an additional 504 shares during the period. Finally, Amalgamated Bank grew its stake in shares of Lululemon Athletica by 1.5% in the second quarter. Amalgamated Bank now owns 25,040 shares of the apparel retailer’s stock valued at $7,479,000 after buying an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on LULU shares. Barclays upped their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup increased their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. BMO Capital Markets upped their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Guggenheim raised their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $370.99 on Friday. The firm has a market cap of $45.18 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The firm’s 50 day moving average price is $360.19 and its two-hundred day moving average price is $303.57.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’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 earned $2.53 earnings per share. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.18 EPS for the current fiscal year.

About Lululemon Athletica

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.