Sib LLC Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Sib LLC decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,299 shares of the apparel retailer's stock after selling 4,194 shares during the quarter. Lululemon Athletica accounts for approximately 9.3% of Sib LLC's holdings, making the stock its 3rd largest holding. Sib LLC's holdings in Lululemon Athletica were worth $17,705,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Howard Financial Services LTD. grew its stake in shares of Lululemon Athletica by 5.7% in the fourth quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer's stock valued at $338,000 after acquiring an additional 48 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Lululemon Athletica by 9.8% in the 4th quarter. Arkadios Wealth Advisors now owns 2,732 shares of the apparel retailer's stock worth $1,045,000 after purchasing an additional 244 shares in the last quarter. Merit Financial Group LLC raised its holdings in Lululemon Athletica by 113.5% in the 4th quarter. Merit Financial Group LLC now owns 1,687 shares of the apparel retailer's stock valued at $645,000 after buying an additional 897 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $3,364,000. Finally, First Pacific Financial increased its stake in shares of Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock valued at $1,184,000 after buying an additional 44 shares during the period. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a research note on Thursday. Raymond James restated an "outperform" rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday. Stifel Nicolaus reissued a "buy" rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. KeyCorp upped their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group restated an "underperform" rating and issued a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $390.33.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction dated Monday, December 9th. The shares were 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 $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company'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 completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ:LULU traded up $2.71 on Friday, reaching $373.70. 1,340,496 shares of the company's stock were exchanged, compared to its average volume of 1,265,866. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The business's 50-day moving average is $362.61 and its two-hundred day moving average is $304.56. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released 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 firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 earnings per share. Analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal year.

Lululemon Athletica 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.