Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,524 shares of the apparel retailer’s stock after selling 70 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Lululemon Athletica were worth $2,112,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $33,000. Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $36,000. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Lululemon Athletica by 53.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. Barclays boosted their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Evercore ISI boosted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. One research analyst has 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Stock Performance

Shares of LULU opened at $358.97 on Monday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.22 and a beta of 1.19. The stock has a 50 day moving average price of $388.35 and a 200 day moving average price of $325.86.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share. On average, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.