Silver Coast Investments LLC Sells 60 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Silver Coast Investments LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 856 shares of the apparel retailer’s stock after selling 60 shares during the period. Silver Coast Investments LLC’s holdings in Lululemon Athletica were worth $327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the 4th quarter worth about $32,000. Sound Income Strategies LLC raised its stake in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Asset Planning Inc bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $33,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth about $36,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Oppenheimer lifted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Truist Financial lifted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Citigroup increased their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Raymond James reissued an “outperform” rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s 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. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 1.0 %

Lululemon Athletica stock opened at $365.61 on Monday. The company has a market capitalization of $44.53 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.22 and a beta of 1.19. The stock’s 50 day moving average is $386.81 and its 200-day moving average is $330.27. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm 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 company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.53 EPS. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 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.