Lululemon Athletica Inc. (NASDAQ:LULU) Insider Celeste Burgoyne Sells 24,870 Shares

Lululemon Athletica Inc. (NASDAQ:LULU) insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was 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 directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lululemon Athletica Stock Up 0.7 %

Lululemon Athletica stock traded up $2.65 during mid-day trading on Wednesday, reaching $399.75. 1,358,934 shares of the company’s stock were exchanged, compared to its average volume of 2,127,332. The firm has a market capitalization of $49.08 billion, a PE ratio of 28.91, a P/E/G ratio of 2.87 and a beta of 1.23. The business’s fifty day simple moving average is $311.07 and its 200 day simple moving average is $289.39. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results 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. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.53 EPS. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.19 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Several large investors have recently modified their holdings of LULU. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the third quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new position in Lululemon Athletica in the second quarter valued at approximately $33,000. HHM Wealth Advisors LLC raised its stake in shares of Lululemon Athletica by 66.7% during the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after buying an additional 46 shares during the period. Finally, JFS Wealth Advisors LLC raised its stake in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the topic of several recent research reports. Evercore ISI raised their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday. Raymond James raised their price objective on shares of Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Robert W. Baird raised their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $377.63.

Lululemon Athletica Company 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.