Forsta AP Fonden Sells 1,000 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Forsta AP Fonden reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,100 shares of the apparel retailer’s stock after selling 1,000 shares during the quarter. Forsta AP Fonden’s holdings in Lululemon Athletica were worth $13,805,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LULU. Public Sector Pension Investment Board increased its holdings in Lululemon Athletica by 70.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock valued at $1,308,000 after buying an additional 1,816 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Lululemon Athletica by 13.8% during the 2nd 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 last quarter. Creative Planning grew its holdings in shares of Lululemon Athletica by 122.2% during the 2nd 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 last quarter. NewEdge Advisors LLC grew its holdings in shares of Lululemon Athletica by 9.8% during the 2nd quarter. NewEdge Advisors LLC now owns 6,766 shares of the apparel retailer’s stock valued at $2,021,000 after purchasing an additional 604 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lululemon Athletica by 6.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,306 shares of the apparel retailer’s stock valued at $2,481,000 after purchasing an additional 468 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Up 0.4 %

Lululemon Athletica stock opened at $411.16 on Thursday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The firm’s fifty day moving average is $372.62 and its 200 day moving average is $309.37. The company has a market capitalization of $50.07 billion, a PE ratio of 29.69, a PEG ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were 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 approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LULU. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Oppenheimer reduced their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

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.