Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 64.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 822 shares of the apparel retailer's stock after selling 1,482 shares during the period. Dana Investment Advisors Inc.'s holdings in Lululemon Athletica were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Partners Asset Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter valued at $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock valued at $1,844,000 after buying an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock valued at $28,070,000 after buying an additional 34,704 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Lululemon Athletica by 876.8% in the third quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer's stock valued at $549,000 after buying an additional 1,815 shares in the last quarter. Finally, Lebenthal Global Advisors LLC increased its holdings in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after buying an additional 1,565 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $344.36 on Monday. The firm has a market capitalization of $41.94 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21. The company's 50-day moving average is $382.97 and its two-hundred day moving average is $333.33. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate 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 net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 EPS. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the company'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 value 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 represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LULU has been the subject of a number of recent analyst reports. UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. KeyCorp lifted their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, Evercore ISI lifted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One investment analyst has 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $399.14.

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.

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