SG Americas Securities LLC Has $5.87 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

SG Americas Securities LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 57.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,646 shares of the apparel retailer's stock after selling 28,790 shares during the period. SG Americas Securities LLC's holdings in Lululemon Athletica were worth $5,874,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $26,000. Benjamin Edwards Inc. grew its stake in shares of Lululemon Athletica by 176.0% in the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 44 shares during the last quarter. Riverview Trust Co bought a new position in Lululemon Athletica during the first quarter worth $29,000. Larson Financial Group LLC increased its position in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 43 shares during the period. Finally, True Wealth Design LLC boosted its holdings in Lululemon Athletica by 2,950.0% in the 4th quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 59 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LULU shares. Stifel Nicolaus dropped their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Morgan Stanley cut their price target on Lululemon Athletica from $326.00 to $314.00 and set an "overweight" rating for the company in a report on Tuesday, October 1st. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 23rd. Evercore ISI reaffirmed an "outperform" rating and issued a $300.00 target price on shares of Lululemon Athletica in a research report on Monday, August 26th. Finally, UBS Group lowered their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating on the stock in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $354.55.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company'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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Calvin Mcdonald acquired 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Lululemon Athletica Trading Up 3.0 %

Shares of LULU traded up $7.82 during mid-day trading on Friday, hitting $270.38. 2,176,344 shares of the company traded hands, compared to its average volume of 2,127,607. The business has a 50-day moving average of $257.52 and a 200 day moving average of $304.76. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.40 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.22. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.68 EPS. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.03 earnings per share for the current 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.