Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,524 shares of the apparel retailer’s stock after selling 70 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Lululemon Athletica were worth $2,112,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Shepherd Financial Partners LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $953,000. Investment Partners Asset Management Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth about $275,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after acquiring an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Lululemon Athletica by 876.8% during the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after acquiring an additional 1,815 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’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 in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the 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. The trade was 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 Stock Performance

LULU opened at $358.97 on Monday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a market cap of $43.72 billion, a P/E ratio of 25.92, a PEG ratio of 2.22 and a beta of 1.19. The business’s 50-day simple moving average is $388.35 and its 200-day simple moving average is $325.86.

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 the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 EPS. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research note on Friday, January 10th. Robert W. Baird increased their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. KeyCorp increased their target price on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Guggenheim increased their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.