Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,942 shares of the apparel retailer’s stock after selling 65 shares during the quarter. GM Advisory Group LLC’s holdings in Lululemon Athletica were worth $527,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LULU. Larson Financial Group LLC increased its stake in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $29,000. Versant Capital Management Inc grew its stake in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent analyst reports. TD Securities upped their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Raymond James lowered their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Robert W. Baird boosted their price objective on shares of Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Citigroup decreased their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.13.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $317.11 on Friday. The firm has a market cap of $38.93 billion, a P/E ratio of 24.51, a PEG ratio of 2.29 and a beta of 1.24. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm’s 50-day simple moving average is $291.83 and its 200-day simple moving average is $288.87.

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