Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 23.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,558 shares of the apparel retailer’s stock after selling 2,336 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Lululemon Athletica were worth $3,864,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. grew its position in Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in Lululemon Athletica in the third quarter valued at approximately $27,000. Bogart Wealth LLC grew its position in Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LULU. Robert W. Baird lowered their price objective on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. JPMorgan Chase & Co. reduced their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. BMO Capital Markets increased their target price on Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, Guggenheim reduced their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $483.61.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Lululemon Athletica Price Performance

Shares of LULU opened at $352.47 on Friday. The stock has a market capitalization of $44.41 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The business’s fifty day moving average price is $420.09 and its 200 day moving average price is $438.90.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.40 earnings per share. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.15 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.