Forsta AP Fonden Sells 1,000 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Forsta AP Fonden lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,100 shares of the apparel retailer's stock after selling 1,000 shares during the quarter. Forsta AP Fonden's holdings in Lululemon Athletica were worth $13,805,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC raised its holdings in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after acquiring an additional 26 shares during the last quarter. Adirondack Trust Co. raised its position in Lululemon Athletica by 6.5% in the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer's stock valued at $249,000 after purchasing an additional 40 shares during the period. Sunbelt Securities Inc. boosted its holdings in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock worth $258,000 after acquiring an additional 42 shares during the period. First Pacific Financial grew its holdings in Lululemon Athletica by 1.4% during the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock valued at $1,184,000 after purchasing an additional 44 shares in the last quarter. Finally, Claro Advisors LLC lifted its stake in shares of Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer's stock worth $345,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

LULU stock traded up $9.29 during midday trading on Thursday, reaching $420.45. 428,658 shares of the company were exchanged, compared to its average volume of 1,629,221. The business has a 50-day moving average price of $374.67 and a two-hundred day moving average price of $310.08. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The firm has a market capitalization of $51.20 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly 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. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LULU. Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. TD Cowen boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Guggenheim raised their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. TD Securities upped their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $395.67.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company's stock, valued at approximately $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. Insiders own 0.48% of the company's stock.

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.