Coastline Trust Co Has $73,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Coastline Trust Co lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 65.8% in the third quarter, HoldingsChannel reports. The firm owned 270 shares of the apparel retailer’s stock after selling 520 shares during the period. Coastline Trust Co’s holdings in Lululemon Athletica were worth $73,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lululemon Athletica by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after buying an additional 154,985 shares in the last quarter. Value Star Asset Management Hong Kong Ltd increased its position in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares in the last quarter. American Century Companies Inc. lifted its position in Lululemon Athletica by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after acquiring an additional 82,731 shares in the last quarter. Legal & General Group Plc increased its holdings in Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $320.01 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock’s fifty day moving average price is $286.35 and its two-hundred day moving average price is $289.90. The company has a market cap of $39.29 billion, a PE ratio of 24.73, a P/E/G ratio of 2.39 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $2.68 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LULU. The Goldman Sachs Group lowered Lululemon Athletica from a “buy” rating to a “neutral” rating and dropped their target price for the company from $463.00 to $286.00 in a research report on Friday, August 2nd. Wedbush cut their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. UBS Group dropped their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company cut their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $357.13.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

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.