Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,859 shares of the apparel retailer’s stock after selling 271 shares during the quarter. Geneva Capital Management LLC’s holdings in Lululemon Athletica were worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares during the period. Rockefeller Capital Management L.P. increased its position in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the period. Rakuten Securities Inc. increased its position in Lululemon Athletica by 876.8% in the third quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after buying an additional 1,815 shares during the period. Finally, Lebenthal Global Advisors LLC increased its position in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after buying an additional 1,565 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on 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. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on 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 approximately $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. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $349.53 on Thursday. The firm has a market cap of $42.57 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The firm’s 50 day moving average price is $384.57 and its two-hundred day moving average price is $331.65.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping 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 previous year, the company posted $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LULU shares. Wells Fargo & Company increased their target price on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. TD Securities increased their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Guggenheim increased their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

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.