Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 45.8% in the third quarter, Holdings Channel.com reports. The firm owned 2,070 shares of the apparel retailer’s stock after selling 1,752 shares during the quarter. Lululemon Athletica makes up about 1.0% of Audent Global Asset Management LLC’s holdings, making the stock its 26th largest position. Audent Global Asset Management LLC’s holdings in Lululemon Athletica were worth $562,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the period. Versant Capital Management Inc lifted its position in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter valued at approximately $33,000. Finally, Dnca Finance acquired a new stake in shares of Lululemon Athletica during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.4 %

Shares of NASDAQ LULU opened at $320.66 on Monday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The firm has a fifty day moving average of $297.19 and a 200-day moving average of $287.01. The stock has a market capitalization of $39.37 billion, a PE ratio of 24.78, a P/E/G ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $2.68 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica Inc. will post 14.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James reduced their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Monday, September 2nd. Robert W. Baird lifted their price target on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. UBS Group reduced their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Oppenheimer reduced their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $356.03.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

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.