Parkside Financial Bank & Trust Sells 292 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Parkside Financial Bank & Trust reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 43.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 379 shares of the apparel retailer’s stock after selling 292 shares during the period. Parkside Financial Bank & Trust’s holdings in Lululemon Athletica were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in LULU. Maverick Capital Ltd. bought a new stake in Lululemon Athletica during the third quarter worth $93,476,000. The Manufacturers Life Insurance Company lifted its stake in Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in Lululemon Athletica during the third quarter worth $81,405,000. River Road Asset Management LLC bought a new stake in Lululemon Athletica during the third quarter worth $79,503,000. Finally, Los Angeles Capital Management LLC lifted its stake in Lululemon Athletica by 248.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 1.0 %

Shares of Lululemon Athletica stock opened at $365.61 on Friday. The company has a market cap of $44.53 billion, a P/E ratio of 26.40, a PEG ratio of 2.22 and a beta of 1.19. The business has a 50-day moving average price of $386.81 and a two-hundred day moving average price of $329.64. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company posted $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Telsey Advisory Group upped their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Citigroup upped their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the business’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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $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. 0.48% of the stock is currently owned by corporate insiders.

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.