Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,271,320 shares of the apparel retailer's stock after selling 122,164 shares during the period. Lululemon Athletica makes up approximately 1.9% of Flossbach Von Storch SE's portfolio, making the stock its 21st biggest position. Flossbach Von Storch SE owned about 1.04% of Lululemon Athletica worth $486,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after acquiring an additional 44,294 shares during the period. International Assets Investment Management LLC raised its position in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Lululemon Athletica by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock worth $190,567,000 after purchasing an additional 19,808 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its position in shares of Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after buying an additional 185,440 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Lululemon Athletica by 60.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock valued at $148,201,000 after buying an additional 205,757 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insiders Place Their Bets

In other news, 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. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LULU has been the topic of several research reports. Needham & Company LLC raised Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price on the stock in a research note on Friday, January 10th. BMO Capital Markets boosted 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. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Evercore ISI raised their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $399.14.

Lululemon Athletica Stock Down 1.9 %

LULU traded down $6.85 on Friday, reaching $358.97. The company had a trading volume of 1,400,060 shares, compared to its average volume of 1,614,250. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The stock has a market capitalization of $43.72 billion, a PE ratio of 25.92, a P/E/G ratio of 2.23 and a beta of 1.19. The stock has a 50-day moving average price of $389.00 and a 200-day moving average price of $323.73.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The business's revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.