KG&L Capital Management LLC Sells 1,085 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

KG&L Capital Management LLC decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,128 shares of the apparel retailer’s stock after selling 1,085 shares during the quarter. KG&L Capital Management LLC’s holdings in Lululemon Athletica were worth $431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its position in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Lululemon Athletica by 110.1% in the third 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. Finally, Asset Dedication LLC boosted its holdings in Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after acquiring an additional 189 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $414.20 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The stock has a market capitalization of $50.44 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.68 and a beta of 1.18. The stock’s 50-day simple moving average is $378.74 and its two-hundred day simple moving average is $311.76.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.53 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on LULU shares. Robert W. Baird upped their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. TD Securities raised their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. UBS Group raised their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $395.67.

Insiders Place Their Bets

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