Gulf International Bank UK Ltd Has $87,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Gulf International Bank UK Ltd lowered its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 29.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 230 shares of the apparel retailer’s stock after selling 97 shares during the period. Gulf International Bank UK Ltd’s holdings in Lululemon Athletica were worth $87,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth about $32,000. Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Asset Planning Inc acquired a new position in Lululemon Athletica in the 4th quarter worth about $33,000. Finally, Golden State Wealth Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 1.0 %

LULU stock opened at $365.61 on Monday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock’s 50 day moving average is $386.81 and its 200-day moving average is $330.27. The firm has a market capitalization of $44.53 billion, a PE ratio of 26.40, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.53 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

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 value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LULU shares. Raymond James reaffirmed an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. UBS Group increased their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their price target on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. KeyCorp increased their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Barclays increased their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.