Nicole Neuburger Sells 2,022 Shares of Lululemon Athletica Inc. (NASDAQ:LULU) Stock

Lululemon Athletica Inc. (NASDAQ:LULU) insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Lululemon Athletica Trading Down 0.7 %

Shares of LULU stock opened at $384.05 on Tuesday. The company’s fifty day moving average price is $340.82 and its 200-day moving average price is $296.92. The stock has a market cap of $46.77 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $508.92.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on LULU. Robert W. Baird increased their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Raymond James raised their price target on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Oppenheimer cut their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, UBS Group upped their target price on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $377.63.

Institutional Trading of Lululemon Athletica

Several institutional investors have recently bought and sold shares of LULU. Shepherd Financial Partners LLC bought a new position in shares of Lululemon Athletica in the third quarter worth approximately $953,000. XTX Topco Ltd raised its holdings in Lululemon Athletica by 281.4% in the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after acquiring an additional 6,562 shares during the last quarter. Rheos Capital Works Inc. lifted its position in Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after acquiring an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted 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 valued at $1,844,000 after purchasing an additional 4,564 shares during the last quarter. Finally, Caxton Associates LP increased its holdings in shares of Lululemon Athletica by 6,702.7% in the 2nd quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock worth $17,922,000 after purchasing an additional 59,118 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.