Lululemon Athletica Inc. (NASDAQ:LULU) Position Lessened by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 780 shares of the apparel retailer’s stock after selling 88 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lululemon Athletica were worth $298,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in 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 buying an additional 604 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $4,237,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Lululemon Athletica by 17,910.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 86,089 shares of the apparel retailer’s stock worth $25,715,000 after purchasing an additional 85,611 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in Lululemon Athletica by 43.0% during the second quarter. Anchor Investment Management LLC now owns 3,902 shares of the apparel retailer’s stock worth $1,166,000 after buying an additional 1,173 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LULU shares. Guggenheim upped their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Evercore ISI lifted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $414.20 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The stock has a fifty day moving average price of $376.79 and a two-hundred day moving average price of $310.85. The firm has a market capitalization of $50.44 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.68 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $2.53 EPS. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the company’s 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. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.