Patten & Patten Inc. TN Sells 50 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Patten & Patten Inc. TN lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,367 shares of the apparel retailer’s stock after selling 50 shares during the period. Patten & Patten Inc. TN’s holdings in Lululemon Athletica were worth $2,813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LULU. Meeder Advisory Services Inc. boosted its holdings in Lululemon Athletica by 5.3% in the first quarter. Meeder Advisory Services Inc. now owns 2,069 shares of the apparel retailer’s stock valued at $808,000 after acquiring an additional 104 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Lululemon Athletica by 78.8% during the 1st quarter. QRG Capital Management Inc. now owns 7,211 shares of the apparel retailer’s stock worth $2,817,000 after acquiring an additional 3,178 shares during the period. Russell Investments Group Ltd. lifted its position in Lululemon Athletica by 16.1% during the first quarter. Russell Investments Group Ltd. now owns 189,431 shares of the apparel retailer’s stock valued at $73,987,000 after buying an additional 26,221 shares during the period. ProShare Advisors LLC grew its position in shares of Lululemon Athletica by 24.1% in the 1st quarter. ProShare Advisors LLC now owns 135,637 shares of the apparel retailer’s stock worth $52,987,000 after buying an additional 26,366 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in Lululemon Athletica by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 1,889 shares of the apparel retailer’s stock valued at $738,000 after acquiring an additional 38 shares during the period. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Thursday, July 25th. Bank of America dropped their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Robert W. Baird raised their price target on Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. TD Cowen reduced their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, TD Securities increased their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

Lululemon Athletica Trading Down 2.1 %

NASDAQ:LULU opened at $308.53 on Monday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The firm has a market cap of $37.88 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The stock has a fifty day moving average price of $279.60 and a 200 day moving average price of $291.27.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.68 EPS. Equities analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

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.