Fisher Asset Management LLC Sells 604 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Fisher Asset Management LLC reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,862 shares of the apparel retailer’s stock after selling 604 shares during the period. Fisher Asset Management LLC’s holdings in Lululemon Athletica were worth $4,537,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $32,000. Asset Planning Inc acquired a new position in Lululemon Athletica in the fourth quarter valued at $33,000. Sound Income Strategies LLC boosted its position in 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 last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $36,000. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LULU. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research note on Friday, January 10th. UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Citigroup increased their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets upped their price objective 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $345.29 on Wednesday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company has a 50-day simple moving average of $385.29 and a two-hundred day simple moving average of $331.52. The company has a market capitalization of $42.05 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction 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. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, 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 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.