Shorepath Capital Management LLC Cuts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Shorepath Capital Management LLC reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,833 shares of the apparel retailer’s stock after selling 1,325 shares during the period. Lululemon Athletica comprises about 2.7% of Shorepath Capital Management LLC’s holdings, making the stock its 19th largest holding. Shorepath Capital Management LLC’s holdings in Lululemon Athletica were worth $3,760,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. increased its position in shares of Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after acquiring an additional 42 shares during the period. Claro Advisors LLC increased its holdings in Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after purchasing an additional 48 shares during the period. Capital Market Strategies LLC raised its position in Lululemon Athletica by 6.5% in the 4th quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock valued at $314,000 after purchasing an additional 50 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Lululemon Athletica by 2.7% in the 3rd quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock valued at $574,000 after buying an additional 56 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 11.2% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer’s stock worth $179,000 after buying an additional 60 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on LULU shares. Oppenheimer decreased their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research note on Friday. Raymond James upped their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Finally, Citigroup raised their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $382.73.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the 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 completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

LULU stock opened at $398.86 on Tuesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30. The company has a fifty day moving average of $357.53 and a 200-day moving average of $302.43. The stock has a market capitalization of $48.57 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 2.78 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 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal 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.