Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,070 shares of the apparel retailer’s stock after selling 75 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Lululemon Athletica were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the period. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LULU. Deutsche Bank Aktiengesellschaft upped their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Citigroup increased their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated 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 completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $366.68 on Monday. The business’s 50-day moving average is $391.37 and its two-hundred day moving average is $320.90. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The firm has a market capitalization of $44.66 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.