Lululemon Athletica Inc. (NASDAQ:LULU) Insider Sells $782,736.42 in Stock

Lululemon Athletica Inc. (NASDAQ:LULU) 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 transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lululemon Athletica Stock Down 0.4 %

LULU stock opened at $382.41 on Thursday. The firm has a market cap of $46.57 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.78 and a beta of 1.23. The company’s fifty day simple moving average is $344.28 and its 200 day simple moving average is $298.05. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $508.92.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company 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 business earned $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Several large investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake 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 in the last quarter. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the third quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 65 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in shares of 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 buying an additional 46 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Lululemon Athletica in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Barclays upped their price objective on Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC reissued a “hold” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Truist Financial lifted their price target on shares of Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $377.63.

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.