Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Zacks Investment Management

Zacks Investment Management lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 83.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,597 shares of the apparel retailer’s stock after selling 8,188 shares during the period. Zacks Investment Management’s holdings in Lululemon Athletica were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. Rockline Wealth Management LLC grew its stake in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock worth $990,000 after purchasing an additional 43 shares during the period. Larson Financial Group LLC grew its stake in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares during the period. HHM Wealth Advisors LLC grew its stake in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 46 shares during the period. WD Rutherford LLC grew its stake in Lululemon Athletica by 0.8% in the 2nd quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock valued at $1,918,000 after acquiring an additional 52 shares during the period. Finally, Beacon Capital Management LLC grew its stake in Lululemon Athletica by 27.3% in the 2nd quarter. Beacon Capital Management LLC now owns 247 shares of the apparel retailer’s stock valued at $74,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LULU shares. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Oppenheimer dropped their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday. Citigroup raised their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $377.63.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $397.10 on Wednesday. The company has a market cap of $48.75 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.87 and a beta of 1.23. The stock has a 50-day moving average of $308.46 and a two-hundred day moving average of $288.72. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal 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.