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

Verus Capital Partners LLC cut its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 870 shares of the apparel retailer’s stock after selling 115 shares during the period. Verus Capital Partners LLC’s holdings in Lululemon Athletica were worth $236,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its stake 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. Edmond DE Rothschild Holding S.A. acquired a new position in Lululemon Athletica during the first quarter valued at $57,000. Koshinski Asset Management Inc. purchased a new stake in Lululemon Athletica in the first quarter valued at $226,000. State Board of Administration of Florida Retirement System grew its position in Lululemon Athletica by 2.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 123,323 shares of the apparel retailer’s stock worth $44,913,000 after purchasing an additional 3,304 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Lululemon Athletica by 41.7% during the 1st quarter. Orion Portfolio Solutions LLC now owns 6,465 shares of the apparel retailer’s stock valued at $2,526,000 after buying an additional 1,901 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lululemon Athletica

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

Lululemon Athletica Trading Up 2.3 %

Shares of LULU opened at $328.30 on Thursday. The company’s 50-day moving average price is $282.04 and its 200 day moving average price is $290.16. 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 $40.31 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

LULU has been the subject of a number of analyst reports. Truist Financial boosted their price target on Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Evercore ISI restated an “outperform” rating and issued a $300.00 price objective on shares of Lululemon Athletica in a research report on Monday, August 26th. Barclays decreased their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Guggenheim cut their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird increased their price objective on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

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.