Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Lowered by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 46.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,631 shares of the apparel retailer’s stock after selling 6,555 shares during the period. Sanctuary Advisors LLC’s holdings in Lululemon Athletica were worth $2,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LULU. Pine Valley Investments Ltd Liability Co lifted its holdings in Lululemon Athletica by 964.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer’s stock valued at $3,815,000 after acquiring an additional 12,737 shares during the last quarter. Anchor Investment Management LLC lifted its stake in Lululemon Athletica by 17.4% during the third quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer’s stock valued at $1,243,000 after purchasing an additional 680 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Lululemon Athletica by 900.0% during the third quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer’s stock worth $81,000 after buying an additional 270 shares in the last quarter. Soltis Investment Advisors LLC grew its position in Lululemon Athletica by 1,935.9% in the third quarter. Soltis Investment Advisors LLC now owns 14,251 shares of the apparel retailer’s stock worth $3,867,000 after buying an additional 13,551 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at $875,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, 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 owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Trading Down 4.7 %

Lululemon Athletica stock opened at $372.07 on Thursday. The company has a market capitalization of $45.31 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm’s fifty day simple moving average is $325.40 and its 200-day simple moving average is $293.11.

Lululemon Athletica (NASDAQ:LULU) last released 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. 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 prior year, the company posted $2.53 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LULU shares. Wells Fargo & Company reduced their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $377.63.

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.