Schear Investment Advisers LLC Sells 189 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Schear Investment Advisers LLC lessened its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,045 shares of the apparel retailer’s stock after selling 189 shares during the quarter. Schear Investment Advisers LLC’s holdings in Lululemon Athletica were worth $1,164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LULU. SeaCrest Wealth Management LLC lifted its position in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Mather Group LLC. lifted its holdings in Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after buying an additional 31 shares in the last quarter. Adirondack Trust Co. boosted its position in Lululemon Athletica by 6.5% in the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after buying an additional 40 shares during the period. Sunbelt Securities Inc. grew its stake in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after acquiring an additional 42 shares in the last quarter. Finally, First Pacific Financial raised its stake in shares of Lululemon Athletica by 1.4% during the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.5 %

Shares of NASDAQ:LULU opened at $397.63 on Wednesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company has a market cap of $48.42 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The company’s 50 day moving average is $388.91 and its 200 day moving average is $317.65.

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, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.53 earnings per share. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The shares were 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 of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction 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 disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LULU. Raymond James reissued an “outperform” rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Morgan Stanley raised their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. BMO Capital Markets upped their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Telsey Advisory Group upped their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.