KMG Fiduciary Partners LLC Decreases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

KMG Fiduciary Partners LLC trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 89.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 770 shares of the apparel retailer's stock after selling 6,664 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Lululemon Athletica were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC raised its stake in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Lululemon Athletica by 110.1% in the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer's stock worth $39,000 after acquiring an additional 76 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer's stock worth $64,000 after acquiring an additional 189 shares during the last quarter. Finally, Avondale Wealth Management acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at approximately $68,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a research note on Thursday. Oppenheimer cut their price objective on Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Barclays upped their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Needham & Company LLC raised Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price target on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $390.33.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction dated 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 directly owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now 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 disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded up $2.71 during trading on Friday, hitting $373.70. 1,340,496 shares of the company traded hands, compared to its average volume of 1,265,866. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18. The business's fifty day moving average is $362.61 and its 200 day moving average is $304.54. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion for 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%. Lululemon Athletica's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 earnings per share. On average, analysts predict that Lululemon Athletica Inc. will post 14.18 EPS 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.