International Assets Investment Management LLC Lowers Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

International Assets Investment Management LLC lowered its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 99.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,982 shares of the apparel retailer’s stock after selling 892,744 shares during the period. International Assets Investment Management LLC’s holdings in Lululemon Athletica were worth $1,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the third quarter worth about $29,000. HHM Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 66.7% during the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Lululemon Athletica in the second quarter valued at $36,000. Finally, Armstrong Advisory Group Inc. increased its position in Lululemon Athletica by 110.1% in the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $392.92 on Friday. The company has a market cap of $47.85 billion, a PE ratio of 28.37, a P/E/G ratio of 2.78 and a beta of 1.18. The firm’s 50 day moving average price is $354.43 and its 200-day moving average price is $301.28. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30.

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

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction 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 directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the 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 owns 6,198 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on LULU. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. KeyCorp boosted their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Oppenheimer lowered their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, TD Securities lifted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $382.23.

Lululemon Athletica Company 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.