Monte Financial Group LLC Decreases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Monte Financial Group LLC reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 4,794 shares of the apparel retailer’s stock after selling 124 shares during the quarter. Monte Financial Group LLC’s holdings in Lululemon Athletica were worth $1,833,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Shepherd Financial Partners LLC bought a new stake in Lululemon Athletica in the third quarter valued at about $953,000. Rheos Capital Works Inc. boosted its holdings in Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after purchasing an additional 2,500 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the last quarter. Finally, Touchstone Capital Inc. acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $4,084,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Lululemon Athletica Stock Up 3.1 %

LULU stock opened at $400.03 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The firm has a 50 day moving average of $368.60 and a two-hundred day moving average of $307.47. The company has a market capitalization of $48.72 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business earned $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LULU shares. TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Raymond James restated an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, Telsey Advisory Group increased their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $391.00.

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.