Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 75.6% during the fourth quarter, Holdings Channel reports. The firm owned 78 shares of the apparel retailer’s stock after selling 242 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Lululemon Athletica were worth $30,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LULU. Deutsche Bank Aktiengesellschaft increased their price objective 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. Evercore ISI increased their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Telsey Advisory Group increased their price objective 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. Finally, Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Shares of LULU opened at $347.81 on Tuesday. The company has a 50-day moving average of $386.10 and a two-hundred day moving average of $330.91. The stock has a market cap of $42.36 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94.

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

Insider Transactions at Lululemon Athletica

In other 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 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. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by 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.