Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,323 shares of the apparel retailer’s stock after selling 287 shares during the period. Coronation Fund Managers Ltd.’s holdings in Lululemon Athletica were worth $1,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stiles Financial Services Inc increased its position in Lululemon Athletica by 14.2% during the fourth quarter. Stiles Financial Services Inc now owns 3,031 shares of the apparel retailer’s stock worth $1,159,000 after buying an additional 377 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $101,000. Kestra Private Wealth Services LLC raised its position in Lululemon Athletica by 12.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,466 shares of the apparel retailer’s stock valued at $2,090,000 after purchasing an additional 589 shares during the last quarter. Quotient Wealth Partners LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth $253,000. Finally, Northeast Investment Management purchased a new position in Lululemon Athletica during the 4th quarter worth $276,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LULU shares. Truist Financial upped their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Robert W. Baird boosted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $398.10 on Monday. The stock has a market capitalization of $48.48 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The firm’s 50-day moving average is $387.61 and its two-hundred day moving average is $316.26.

Lululemon Athletica (NASDAQ:LULU) last announced 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 for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.53 earnings per share. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.