Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Reduced by Avalon Global Asset Management LLC

Avalon Global Asset Management LLC lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,070 shares of the apparel retailer’s stock after selling 5,000 shares during the quarter. Avalon Global Asset Management LLC’s holdings in Lululemon Athletica were worth $5,175,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new stake in Lululemon Athletica in the third quarter worth approximately $29,000. Versant Capital Management Inc increased 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 last quarter. JFS Wealth Advisors LLC raised its holdings 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 valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost 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 of the company’s stock, valued at $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LULU shares. Needham & Company LLC began coverage on shares of Lululemon Athletica in a research report on Friday, November 22nd. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company decreased their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Oppenheimer dropped their price target 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. Finally, Stifel Nicolaus decreased their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $356.03.

Lululemon Athletica Stock Up 0.4 %

NASDAQ:LULU opened at $320.66 on Monday. The firm has a market capitalization of $39.37 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The firm has a 50-day moving average price of $297.19 and a 200 day moving average price of $287.01.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results 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 return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $2.68 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. On average, research analysts expect that Lululemon Athletica Inc. will post 14.01 EPS for the current year.

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.