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

Sanctuary Advisors LLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 46.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,631 shares of the apparel retailer's stock after selling 6,555 shares during the quarter. Sanctuary Advisors LLC's holdings in Lululemon Athletica were worth $2,071,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Larson Financial Group LLC raised its position in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Lululemon Athletica in the 3rd quarter worth approximately $29,000. Ridgewood Investments LLC purchased a new stake in shares of Lululemon Athletica during the second quarter valued at $33,000. HHM Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock valued at $34,000 after acquiring an additional 46 shares during the period. Finally, JFS Wealth Advisors LLC lifted its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 65 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider now owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of LULU stock traded up $1.47 during mid-day trading on Thursday, hitting $373.54. The stock had a trading volume of 2,020,733 shares, compared to its average volume of 2,116,140. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The company's 50-day simple moving average is $325.40 and its 200-day simple moving average is $293.11. The firm has a market cap of $45.49 billion, a PE ratio of 26.97, a PEG ratio of 2.84 and a beta of 1.23.

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, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the firm earned $2.53 EPS. The company's quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on LULU shares. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Morgan Stanley upped their price target on shares of Lululemon Athletica from $345.00 to $414.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Piper Sandler lifted their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Wedbush lowered their target price on Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 28th. Finally, Citigroup lifted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average price target of $377.63.

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.