Logan Capital Management Inc. Has $9.96 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Logan Capital Management Inc. lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% during the 3rd quarter, Holdings Channel reports. The firm owned 36,688 shares of the apparel retailer’s stock after selling 605 shares during the quarter. Logan Capital Management Inc.’s holdings in Lululemon Athletica were worth $9,955,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $29,000. Ridgewood Investments LLC acquired a new stake in Lululemon Athletica during the 2nd quarter valued at $33,000. HHM Wealth Advisors LLC raised its position in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LULU shares. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Oppenheimer decreased their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Barclays raised their price target on Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $377.63.

Lululemon Athletica Price Performance

LULU traded up $0.27 during trading on Friday, reaching $389.60. The company had a trading volume of 157,164 shares, compared to its average volume of 2,116,510. The business’s fifty day moving average price is $316.39 and its 200 day moving average price is $290.85. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The company has a market cap of $47.84 billion, a P/E ratio of 28.11, a PEG ratio of 2.84 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 EPS. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 12,429 shares of the company’s stock, 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.

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.