Gradient Capital Advisors LLC Sells 42 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Gradient Capital Advisors LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,304 shares of the apparel retailer’s stock after selling 42 shares during the period. Gradient Capital Advisors LLC’s holdings in Lululemon Athletica were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LULU. Brookstone Capital Management bought a new position in Lululemon Athletica in the 3rd quarter worth $265,000. CWM LLC boosted its position in Lululemon Athletica by 13.7% during the 3rd quarter. CWM LLC now owns 3,294 shares of the apparel retailer’s stock valued at $894,000 after acquiring an additional 398 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 76 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $92,000. Finally, Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. Institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on LULU. Barclays raised their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Raymond James restated an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Finally, Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Stock Down 0.5 %

NASDAQ LULU opened at $397.63 on Wednesday. The firm has a market capitalization of $48.42 billion, a P/E ratio of 28.71, a PEG ratio of 2.51 and a beta of 1.19. The company has a 50-day moving average price of $388.91 and a 200-day moving average price of $317.65. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.