Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Trimmed by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,979 shares of the apparel retailer’s stock after selling 276 shares during the quarter. Hartford Investment Management Co.’s holdings in Lululemon Athletica were worth $2,669,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LULU. Sovran Advisors LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $384,000. Peterson Wealth Services lifted its holdings in shares of Lululemon Athletica by 1.9% during the fourth quarter. Peterson Wealth Services now owns 8,044 shares of the apparel retailer’s stock valued at $3,076,000 after purchasing an additional 149 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $44,000. Focus Financial Network Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $241,000. Finally, International Private Wealth Advisors LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $213,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LULU shares. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. KeyCorp upped their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $395.16 on Thursday. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.51 and a beta of 1.19. The business’s 50-day simple moving average is $390.05 and its 200-day simple moving average is $318.66. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.