Florida Financial Advisors LLC Sells 80 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Florida Financial Advisors LLC lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 743 shares of the apparel retailer’s stock after selling 80 shares during the quarter. Florida Financial Advisors LLC’s holdings in Lululemon Athletica were worth $284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Lululemon Athletica by 51.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,677 shares of the apparel retailer’s stock worth $455,000 after purchasing an additional 571 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Lululemon Athletica by 5.0% during the third quarter. Daiwa Securities Group Inc. now owns 26,949 shares of the apparel retailer’s stock worth $7,313,000 after buying an additional 1,293 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Lululemon Athletica by 50.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 5,490 shares of the apparel retailer’s stock valued at $1,489,000 after acquiring an additional 1,834 shares during the period. Independent Advisor Alliance boosted its position in shares of Lululemon Athletica by 11.8% in the third quarter. Independent Advisor Alliance now owns 2,977 shares of the apparel retailer’s stock valued at $808,000 after acquiring an additional 315 shares during the period. Finally, Truvestments Capital LLC grew its stake in shares of Lululemon Athletica by 59.2% in the third quarter. Truvestments Capital LLC now owns 1,909 shares of the apparel retailer’s stock worth $518,000 after acquiring an additional 710 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.7 %

Lululemon Athletica stock opened at $337.35 on Wednesday. The firm has a market capitalization of $41.08 billion, a P/E ratio of 24.36, a PEG ratio of 2.22 and a beta of 1.21. The business has a 50-day moving average of $367.61 and a 200-day moving average of $338.66. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Insider Buying and Selling

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 value of $782,736.42. Following the completion of the transaction, the insider now directly 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 the SEC website. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Oppenheimer lifted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Robert W. Baird upped their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Citigroup decreased their price objective on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $397.10.

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.