Raleigh Capital Management Inc. Sells 523 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Raleigh Capital Management Inc. reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 84.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95 shares of the apparel retailer’s stock after selling 523 shares during the period. Raleigh Capital Management Inc.’s holdings in Lululemon Athletica were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares in the last quarter. Adirondack Trust Co. increased its position in shares of Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after acquiring an additional 40 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares in the last quarter. First Pacific Financial boosted its holdings in shares of Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after purchasing an additional 44 shares during the period. Finally, Claro Advisors LLC grew its stake in Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LULU shares. Evercore ISI upped their target price on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Piper Sandler upped their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. TD Cowen lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $391.00.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the 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 sale, the insider now directly 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. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $387.85 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The stock has a market cap of $47.23 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.43 and a beta of 1.18. The firm has a fifty day moving average price of $365.84 and a 200 day moving average price of $306.17.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.36 billion. During the same quarter last year, the business posted $2.53 EPS. The company’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.34 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.