Pine Valley Investments Ltd Liability Co Sells 1,175 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Pine Valley Investments Ltd Liability Co decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.4% during the 4th quarter, HoldingsChannel reports. The fund owned 12,883 shares of the apparel retailer’s stock after selling 1,175 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Lululemon Athletica were worth $4,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of Lululemon Athletica by 61.8% during the third quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock valued at $4,128,000 after buying an additional 5,813 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Lululemon Athletica during the third quarter valued at about $239,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Lululemon Athletica by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock valued at $8,255,000 after acquiring an additional 4,791 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Lululemon Athletica by 28.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock worth $675,000 after acquiring an additional 554 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Lululemon Athletica by 14.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after purchasing an additional 6,052 shares during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 2.6 %

Shares of LULU stock opened at $368.22 on Tuesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.22 and a beta of 1.19. The stock has a 50-day moving average price of $387.92 and a 200 day moving average price of $326.75.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on LULU. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. TD Securities upped their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Evercore ISI raised their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Activity

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

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.