Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Alerus Financial NA

Alerus Financial NA cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,993 shares of the apparel retailer’s stock after selling 271 shares during the period. Alerus Financial NA’s holdings in Lululemon Athletica were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LULU. Investment Partners Asset Management Inc. acquired a new stake in Lululemon Athletica during the 4th quarter valued at $275,000. Rockefeller Capital Management L.P. raised its position in Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares during the period. Lebenthal Global Advisors LLC boosted its position in Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. grew its stake in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $17,775,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. TD Securities increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Raymond James reissued an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the company 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 issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $395.55.

Lululemon Athletica Price Performance

LULU opened at $341.53 on Friday. The stock has a market capitalization of $41.59 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company’s 50 day simple moving average is $366.25 and its 200-day simple moving average is $338.67. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the firm earned $5.29 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, 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.