Crossmark Global Holdings Inc. Sells 884 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Crossmark Global Holdings Inc. lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 18.3% during the third quarter, Holdings Channel reports. The firm owned 3,936 shares of the apparel retailer’s stock after selling 884 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lululemon Athletica were worth $1,068,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LULU. Larson Financial Group LLC boosted 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 worth $29,000 after acquiring an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the third quarter worth about $29,000. Versant Capital Management Inc grew its position in Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $330.26 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock has a market cap of $40.55 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The firm’s fifty day moving average price is $283.50 and its 200-day moving average price is $290.42.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion during 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 company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.68 earnings per share. On average, analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were purchased 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 owns 89,922 shares of the company’s stock, valued at $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. Wedbush decreased their price target on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Barclays lowered their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, KeyCorp reduced their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

About Lululemon Athletica

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.