Metis Global Partners LLC Sells 36 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Metis Global Partners LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,047 shares of the apparel retailer’s stock after selling 36 shares during the period. Metis Global Partners LLC’s holdings in Lululemon Athletica were worth $2,312,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James reissued an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Wells Fargo & Company raised their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Piper Sandler upped their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade 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 insiders.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $365.61 on Monday. The company has a market capitalization of $44.53 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The firm’s 50-day moving average is $386.81 and its two-hundred day moving average is $330.27. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.