Assenagon Asset Management S.A. Sells 70,408 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Assenagon Asset Management S.A. reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,374 shares of the apparel retailer's stock after selling 70,408 shares during the period. Assenagon Asset Management S.A. owned approximately 0.17% of Lululemon Athletica worth $80,832,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Crestmont Private Wealth LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $227,000. Oak Thistle LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth $334,000. SeaCrest Wealth Management LLC raised its position in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after buying an additional 26 shares in the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth $208,000. Finally, Cardinal Point Capital Management ULC purchased a new position in Lululemon Athletica in the fourth quarter worth $229,000. Institutional investors own 85.20% of the company's stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company'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 sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 transaction, the insider now owns 12,429 shares of the company's stock, valued at $5,040,456.66. The trade was a 66.68 % 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

A number of research firms have weighed in on LULU. Stifel Nicolaus restated a "buy" rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Truist Financial boosted their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Needham & Company LLC upgraded shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. BMO Capital Markets lifted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and a consensus price target of $390.33.

Lululemon Athletica Stock Down 1.5 %

Shares of NASDAQ:LULU traded down $5.67 on Thursday, hitting $370.99. The company had a trading volume of 1,804,097 shares, compared to its average volume of 1,687,160. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The firm's 50-day simple moving average is $360.19 and its two-hundred day simple moving average is $303.57. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business posted $2.53 earnings per share. Lululemon Athletica's quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

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.