Flossbach Von Storch SE Sells 122,164 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Flossbach Von Storch SE reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,271,320 shares of the apparel retailer’s stock after selling 122,164 shares during the quarter. Lululemon Athletica accounts for approximately 1.9% of Flossbach Von Storch SE’s holdings, making the stock its 21st largest position. Flossbach Von Storch SE’s holdings in Lululemon Athletica were worth $486,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Beacon Capital Management LLC lifted its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the period. Mather Group LLC. lifted its holdings in Lululemon Athletica by 21.1% during the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after buying an additional 31 shares during the period. Pittenger & Anderson Inc. increased its position in shares of Lululemon Athletica by 53.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Finally, Adirondack Trust Co. increased its position in shares of Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after purchasing an additional 40 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on LULU. BMO Capital Markets upped their target price on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised 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, December 9th. TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Raymond James restated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 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.

Lululemon Athletica Trading Down 1.3 %

Lululemon Athletica stock opened at $367.52 on Thursday. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.26 and a beta of 1.19. The company’s 50-day moving average price is $389.47 and its two-hundred day moving average price is $323.43. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $2.53 EPS. Research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Lululemon Athletica 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.