Country Club Bank Sells 114 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Country Club Bank trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,229 shares of the apparel retailer’s stock after selling 114 shares during the period. Country Club Bank’s holdings in Lululemon Athletica were worth $5,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Lululemon Athletica by 207.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,755 shares of the apparel retailer’s stock valued at $34,934,000 after acquiring an additional 61,274 shares in the last quarter. Win Advisors Inc. bought a new stake in Lululemon Athletica during the 4th quarter worth $1,130,000. E. Ohman J or Asset Management AB grew its position in Lululemon Athletica by 13.2% during the 4th quarter. E. Ohman J or Asset Management AB now owns 5,150 shares of the apparel retailer’s stock worth $1,969,000 after acquiring an additional 600 shares during the last quarter. Mather Group LLC. grew its position in Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 31 shares during the last quarter. Finally, RBA Wealth Management LLC grew its position in Lululemon Athletica by 4.0% during the 4th quarter. RBA Wealth Management LLC now owns 12,212 shares of the apparel retailer’s stock worth $4,670,000 after acquiring an additional 469 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 value of $782,736.42. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on LULU. Raymond James reaffirmed an “outperform” rating and set a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Citigroup lifted their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial lifted their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $395.67.

Lululemon Athletica Stock Performance

Shares of LULU opened at $415.90 on Wednesday. The stock has a 50 day moving average price of $380.41 and a two-hundred day moving average price of $312.91. The firm has a market capitalization of $50.65 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.70 and a beta of 1.19. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during 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 company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 EPS. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.