Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Trimmed by Aljian Capital Management LLC

Aljian Capital Management LLC decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,703 shares of the apparel retailer's stock after selling 1,088 shares during the quarter. Aljian Capital Management LLC's holdings in Lululemon Athletica were worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica during the 4th quarter worth about $275,000. Van ECK Associates Corp lifted its position in shares of Lululemon Athletica by 5.0% during the 4th quarter. Van ECK Associates Corp now owns 43,569 shares of the apparel retailer's stock worth $16,661,000 after buying an additional 2,073 shares during the last quarter. Davidson Capital Management Inc. raised its stake in Lululemon Athletica by 4.3% during the 4th quarter. Davidson Capital Management Inc. now owns 10,557 shares of the apparel retailer's stock worth $4,037,000 after acquiring an additional 433 shares in the last quarter. Great Lakes Retirement Inc. lifted its position in Lululemon Athletica by 4.5% in the fourth quarter. Great Lakes Retirement Inc. now owns 4,052 shares of the apparel retailer's stock valued at $1,550,000 after acquiring an additional 173 shares during the last quarter. Finally, Sovran Advisors LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter worth about $384,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was 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 position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Robert W. Baird raised their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Citigroup raised their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. TD Securities boosted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $360.00 to $460.00 in a research 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 issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $399.14.

Lululemon Athletica Price Performance

LULU stock traded down $24.17 on Monday, hitting $366.68. 3,308,549 shares of the company were exchanged, compared to its average volume of 1,585,576. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The business's fifty day moving average is $391.37 and its two-hundred day moving average is $321.33. The stock has a market capitalization of $44.65 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) 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 company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The firm's revenue was up 9.1% on a year-over-year basis. Equities research analysts expect 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.