Outfitter Financial LLC Reduces Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Outfitter Financial LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,092 shares of the apparel retailer’s stock after selling 110 shares during the quarter. Lululemon Athletica comprises 1.6% of Outfitter Financial LLC’s portfolio, making the stock its 24th biggest position. Outfitter Financial LLC’s holdings in Lululemon Athletica were worth $1,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JFS Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Asset Planning Inc acquired a new stake in Lululemon Athletica during the 4th quarter worth $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $36,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were 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 $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $365.82 on Friday. The company has a market capitalization of $44.55 billion, a P/E ratio of 26.41, a PEG ratio of 2.23 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The company’s fifty day moving average is $389.00 and its two-hundred day moving average is $323.73.

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 analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $2.53 earnings per share. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LULU. Raymond James reissued an “outperform” rating and issued a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Telsey Advisory Group upped their target price on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Morgan Stanley lifted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Finally, KeyCorp upped their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $399.14.

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.