Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC cut its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 19.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,874 shares of the apparel retailer’s stock after selling 962 shares during the quarter. WealthPLAN Partners LLC’s holdings in Lululemon Athletica were worth $1,481,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CWM LLC boosted its position in Lululemon Athletica by 13.7% during the 3rd quarter. CWM LLC now owns 3,294 shares of the apparel retailer’s stock worth $894,000 after purchasing an additional 398 shares during the period. Asset Dedication LLC lifted its stake in shares of Lululemon Athletica by 402.1% during the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 189 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Lululemon Athletica by 23.8% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,499 shares of the apparel retailer’s stock worth $1,221,000 after buying an additional 864 shares during the period. nVerses Capital LLC grew its stake in shares of Lululemon Athletica by 50.0% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the apparel retailer’s stock valued at $570,000 after buying an additional 700 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Lululemon Athletica by 30.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,181 shares of the apparel retailer’s stock valued at $863,000 after buying an additional 746 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 6.2 %

LULU stock opened at $366.68 on Friday. The firm’s 50-day simple moving average is $392.03 and its 200 day simple moving average is $319.70. The stock has a market cap of $44.65 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction 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 owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of several recent research reports. Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Barclays raised their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Evercore ISI upped their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, UBS Group lifted their target price on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. One 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. According to data from MarketBeat, Lululemon Athletica has an average 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.