Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,200 shares of the apparel retailer’s stock after selling 894 shares during the period. Harbor Investment Advisory LLC’s holdings in Lululemon Athletica were worth $1,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth approximately $953,000. Rheos Capital Works Inc. grew its holdings in Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after acquiring an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in 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 acquiring an additional 4,564 shares in the last quarter. Caxton Associates LP raised its stake in shares of Lululemon Athletica by 6,702.7% in the 2nd quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock valued at $17,922,000 after purchasing an additional 59,118 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of 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 purchasing an additional 34,704 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $373.70 on Tuesday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The stock has a market capitalization of $45.51 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18. The firm has a 50 day simple moving average of $362.61 and a 200-day simple moving average of $304.59.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were 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 directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI boosted their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Telsey Advisory Group raised their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, KeyCorp raised their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

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.