Choreo LLC Sells 594 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Choreo LLC reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,165 shares of the apparel retailer’s stock after selling 594 shares during the period. Choreo LLC’s holdings in Lululemon Athletica were worth $1,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter worth approximately $29,000. JFS Wealth Advisors LLC grew its holdings in shares of 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 during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Lululemon Athletica by 110.1% in the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares during the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 189 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’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 directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents 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 Price Performance

LULU opened at $398.10 on Friday. The stock has a 50-day moving average price of $386.06 and a 200-day moving average price of $315.24. The firm has a market cap of $48.48 billion, a PE ratio of 28.74, a P/E/G ratio of 2.70 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 EPS. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on LULU shares. Morgan Stanley raised their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. 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 report on Wednesday, January 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Evercore ISI lifted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $399.67.

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.