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

Pacer Advisors Inc. reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 42.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,499 shares of the apparel retailer's stock after selling 11,633 shares during the quarter. Pacer Advisors Inc.'s holdings in Lululemon Athletica were worth $5,927,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This 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.

Lululemon Athletica Stock Performance

LULU stock traded up $10.00 during midday trading on Thursday, reaching $421.16. 1,427,938 shares of the company traded hands, compared to its average volume of 1,683,392. The firm has a market capitalization of $51.29 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The business has a 50 day moving average of $374.67 and a 200-day moving average of $310.08.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (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 company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.53 earnings per share. Lululemon Athletica's revenue was up 9.1% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on LULU shares. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Barclays increased their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Guggenheim raised their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup increased their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $395.67.

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.