Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by William Allan Corp

William Allan Corp lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,178 shares of the apparel retailer’s stock after selling 47 shares during the period. William Allan Corp’s holdings in Lululemon Athletica were worth $1,980,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Shepherd Financial Partners LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth $953,000. Rheos Capital Works Inc. increased its stake in shares of Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after purchasing an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares in the last quarter. Finally, Touchstone Capital Inc. acquired a new stake in Lululemon Athletica in the 3rd quarter worth about $4,084,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LULU has been the topic of several research reports. Wells Fargo & Company raised their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Evercore ISI raised their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup upped their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Stock Performance

Shares of LULU opened at $411.83 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The stock has a market capitalization of $50.15 billion, a PE ratio of 29.74, a PEG ratio of 2.70 and a beta of 1.19. The stock has a 50-day simple moving average of $384.21 and a 200-day simple moving average of $314.56.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value 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. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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.