Nvwm LLC Sells 1,295 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Nvwm LLC lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 38.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,038 shares of the apparel retailer's stock after selling 1,295 shares during the quarter. Nvwm LLC's holdings in Lululemon Athletica were worth $779,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in LULU. SeaCrest Wealth Management LLC lifted its stake 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 worth $389,000 after purchasing an additional 26 shares in the last quarter. Mather Group LLC. boosted its stake in Lululemon Athletica by 21.1% during the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer's stock worth $68,000 after buying an additional 31 shares during the last quarter. Adirondack Trust Co. increased its stake in shares of Lululemon Athletica by 6.5% in the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer's stock worth $249,000 after acquiring an additional 40 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Lululemon Athletica by 4.6% during 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. Finally, First Pacific Financial raised its holdings in shares of Lululemon Athletica by 1.4% during the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock worth $1,184,000 after acquiring an additional 44 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LULU. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. TD Cowen increased their price objective on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. TD Securities lifted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Raymond James reiterated an "outperform" rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, Telsey Advisory Group boosted their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price of $395.67.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction 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 owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company's stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Lululemon Athletica Trading Down 0.7 %

LULU traded down $3.10 on Wednesday, reaching $412.80. The company had a trading volume of 1,186,359 shares, compared to its average volume of 1,626,316. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a market capitalization of $50.27 billion, a P/E ratio of 29.81, a PEG ratio of 2.70 and a beta of 1.19. The company has a fifty day moving average of $382.35 and a 200-day moving average of $313.87.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. The business 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%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $2.53 earnings per share. Research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.