Lululemon Athletica (NASDAQ:LULU) Shares Down 4.5% - Here's What Happened

Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report)'s stock price traded down 4.5% during trading on Friday . The stock traded as low as $378.59 and last traded at $373.07. 309,511 shares were traded during trading, a decline of 79% from the average session volume of 1,505,155 shares. The stock had previously closed at $390.85.

Analysts Set New Price Targets

LULU has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. UBS Group upped their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. TD Cowen boosted their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Citigroup raised their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $399.14.

Lululemon Athletica Trading Down 5.6 %

The stock's 50 day moving average is $392.03 and its 200 day moving average is $319.70. The stock has a market capitalization of $44.91 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business earned $2.53 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business'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 completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Lululemon Athletica

Institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management LLC increased its stake in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after acquiring an additional 24 shares during the last quarter. Edgestream Partners L.P. increased its position in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Lululemon Athletica by 2.6% during the fourth 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 during the period. Dnca Finance boosted its holdings in shares of Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 26 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after buying an additional 28 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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