Insider Selling: Lululemon Athletica Inc. (NASDAQ:LULU) Insider Sells $782,736.42 in Stock

Lululemon Athletica Inc. (NASDAQ:LULU) insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lululemon Athletica Price Performance

Shares of LULU opened at $382.41 on Thursday. The company’s 50-day moving average is $344.28 and its 200-day moving average is $298.05. The firm has a market capitalization of $46.57 billion, a PE ratio of 27.61, a PEG ratio of 2.78 and a beta of 1.23. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $508.92.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the firm earned $2.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. KeyCorp increased their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Oppenheimer cut their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Lululemon Athletica from $345.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets upped their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $377.63.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LULU. Principal Financial Group Inc. increased its position in Lululemon Athletica by 61.2% during the third quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer’s stock worth $67,885,000 after acquiring an additional 94,997 shares during the period. American Trust bought a new position in shares of Lululemon Athletica during the third quarter worth approximately $785,000. Synovus Financial Corp increased its holdings in shares of Lululemon Athletica by 46.4% during the third quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock worth $1,137,000 after purchasing an additional 1,329 shares during the period. Tidal Investments LLC boosted its stake in shares of Lululemon Athletica by 19.0% in the third quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock valued at $3,095,000 after buying an additional 1,822 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Lululemon Athletica during the third quarter worth approximately $249,000. Institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.