Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 12.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,057 shares of the apparel retailer’s stock after selling 2,186 shares during the quarter. Financial Counselors Inc.’s holdings in Lululemon Athletica were worth $4,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its position in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC acquired a new stake in Lululemon Athletica in the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc raised its stake in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica in the second quarter worth $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the acquisition, the chief executive officer now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was 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 in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LULU. Guggenheim reduced their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and set a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. KeyCorp cut their price objective on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, The Goldman Sachs Group cut shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $356.03.

Lululemon Athletica Stock Up 0.2 %

NASDAQ:LULU opened at $319.52 on Friday. The company’s 50 day moving average is $296.03 and its 200-day moving average is $288.06. The firm has a market cap of $39.23 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.32 and a beta of 1.24. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results 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. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.68 EPS. Research analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

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.