Mount Yale Investment Advisors LLC Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Mount Yale Investment Advisors LLC lessened its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,833 shares of the apparel retailer’s stock after selling 614 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its position in Lululemon Athletica by 70.9% in the second quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock valued at $1,308,000 after purchasing an additional 1,816 shares during the period. AQR Capital Management LLC raised its position in Lululemon Athletica by 92.7% in the second quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock valued at $31,823,000 after purchasing an additional 51,355 shares during the period. Mackenzie Financial Corp raised its position in Lululemon Athletica by 13.8% in the second quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock valued at $3,238,000 after purchasing an additional 1,314 shares during the period. Creative Planning raised its position in Lululemon Athletica by 122.2% in the second quarter. Creative Planning now owns 32,863 shares of the apparel retailer’s stock valued at $9,816,000 after purchasing an additional 18,070 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Lululemon Athletica by 9.8% in the second quarter. NewEdge Advisors LLC now owns 6,766 shares of the apparel retailer’s stock worth $2,021,000 after acquiring an additional 604 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $402.90 on Tuesday. The stock has a market capitalization of $49.07 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30. The company has a 50-day simple moving average of $368.60 and a 200-day simple moving average of $307.73.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 earnings per share. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on LULU. Wells Fargo & Company boosted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Citigroup boosted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. UBS Group boosted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. TD Cowen boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Two 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’s stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $391.00.

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.