Wilmington Savings Fund Society FSB Sells 117 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Wilmington Savings Fund Society FSB lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 801 shares of the apparel retailer’s stock after selling 117 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Lululemon Athletica were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Sound Income Strategies LLC lifted 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 period. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $36,000. Ameliora Wealth Management Ltd. bought a new position in Lululemon Athletica during the 4th quarter valued at about $38,000. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the third quarter valued at about $29,000. Finally, JFS Wealth Advisors LLC grew its stake in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.5 %

LULU stock opened at $397.63 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The business’s 50-day moving average price is $388.91 and its two-hundred day moving average price is $317.65. The firm has a market cap of $48.42 billion, a PE ratio of 28.71, a P/E/G ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LULU. BMO Capital Markets lifted their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. KeyCorp lifted their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays increased their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock 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. Based on data from MarketBeat.com, the company presently 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.