KG&L Capital Management LLC Has $431,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

KG&L Capital Management LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 49.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,128 shares of the apparel retailer’s stock after selling 1,085 shares during the quarter. KG&L Capital Management LLC’s holdings in Lululemon Athletica were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. Marietta Wealth Management LLC lifted its position in shares of Lululemon Athletica by 0.5% during the 4th quarter. Marietta Wealth Management LLC now owns 21,660 shares of the apparel retailer’s stock valued at $8,283,000 after acquiring an additional 105 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Lululemon Athletica by 9.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 826 shares of the apparel retailer’s stock valued at $325,000 after purchasing an additional 72 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $230,000. Clear Creek Financial Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $276,000. Finally, Caprock Group LLC increased its position in Lululemon Athletica by 44.0% in the 4th quarter. Caprock Group LLC now owns 1,703 shares of the apparel retailer’s stock valued at $651,000 after buying an additional 520 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, 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 owned by company insiders.

Lululemon Athletica Stock Down 1.7 %

NASDAQ LULU opened at $414.20 on Friday. The company has a market cap of $50.44 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.68 and a beta of 1.18. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The firm’s 50-day simple moving average is $378.74 and its two-hundred day simple moving average is $311.76.

Lululemon Athletica (NASDAQ:LULU) last announced 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company posted $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Telsey Advisory Group lifted their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $395.67.

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.