Crew Capital Management Ltd. Sells 99 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Crew Capital Management Ltd. lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,850 shares of the apparel retailer’s stock after selling 99 shares during the period. Crew Capital Management Ltd.’s holdings in Lululemon Athletica were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Value Star Asset Management Hong Kong Ltd increased its position in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after buying an additional 4,630,466 shares in the last quarter. Marshall Wace LLP increased its position in Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after buying an additional 283,344 shares in the last quarter. Swedbank AB increased its position in Lululemon Athletica by 151.0% during the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after buying an additional 221,112 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after buying an additional 203,882 shares in the last quarter. Finally, M&G Plc purchased a new stake in Lululemon Athletica during the 1st quarter valued at $72,455,000. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’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 of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was purchased 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 of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 1.2 %

NASDAQ:LULU traded up $3.63 on Monday, reaching $295.26. 997,346 shares of the company’s stock traded hands, compared to its average volume of 2,113,388. The stock has a 50-day simple moving average of $265.04 and a 200-day simple moving average of $295.53. The firm has a market cap of $36.91 billion, a PE ratio of 23.39, a P/E/G ratio of 1.99 and a beta of 1.25. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

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

Analyst Ratings Changes

Several analysts have commented on LULU shares. Morgan Stanley cut their target price on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. UBS Group cut their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research note on Thursday, July 25th. Wells Fargo & Company cut their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Finally, Robert W. Baird cut their target price on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.55.

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.