Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 49.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,120 shares of the apparel retailer’s stock after selling 4,989 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Lululemon Athletica were worth $1,389,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LULU. Value Star Asset Management Hong Kong Ltd boosted its stake in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares during the period. American Century Companies Inc. raised its holdings in shares of Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after buying an additional 82,731 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares during the period. International Assets Investment Management LLC grew its holdings in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Lululemon Athletica by 38.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after acquiring an additional 203,882 shares during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 3.0 %

Shares of NASDAQ LULU opened at $326.72 on Tuesday. The firm has a market capitalization of $40.11 billion, a PE ratio of 25.25, a PEG ratio of 2.31 and a beta of 1.24. The business has a 50-day moving average price of $293.06 and a two-hundred day moving average price of $287.86. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS 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 firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on LULU shares. Wells Fargo & Company decreased their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Stifel Nicolaus decreased 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. Guggenheim dropped their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Needham & Company LLC started coverage on Lululemon Athletica in a report on Friday. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

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.