Pine Valley Investments Ltd Liability Co Buys 12,737 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 964.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,058 shares of the apparel retailer's stock after buying an additional 12,737 shares during the quarter. Pine Valley Investments Ltd Liability Co's holdings in Lululemon Athletica were worth $3,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings 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 buying an additional 43 shares in the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC increased its holdings 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. Ridgewood Investments LLC purchased a new stake in Lululemon Athletica in the 2nd quarter worth approximately $33,000. Finally, HHM Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 46 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Down 2.6 %

LULU traded down $10.42 during midday trading on Thursday, reaching $389.33. The company's stock had a trading volume of 1,568,120 shares, compared to its average volume of 2,125,005. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock's 50-day moving average is $313.85 and its 200-day moving average is $290.16. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group raised their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Morgan Stanley raised their target price on shares of Lululemon Athletica from $345.00 to $414.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Barclays boosted their price target on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. TD Cowen raised their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, KeyCorp lifted their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $377.63.

Insider Buying and Selling at Lululemon Athletica

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

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.