Congress Park Capital LLC Sells 425 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Congress Park Capital LLC cut its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,985 shares of the apparel retailer’s stock after selling 425 shares during the quarter. Congress Park Capital LLC’s holdings in Lululemon Athletica were worth $1,141,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LULU. SeaCrest Wealth Management LLC grew its position in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares in the last quarter. Claro Advisors LLC grew its holdings in Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after purchasing an additional 48 shares during the last quarter. Capital Market Strategies LLC increased its position in shares of Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after purchasing an additional 50 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of Lululemon Athletica by 2.7% during the 3rd quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock valued at $574,000 after purchasing an additional 56 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday. Raymond James restated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday. TD Cowen boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $390.33.

Lululemon Athletica Trading Down 1.5 %

Shares of LULU opened at $370.99 on Friday. The firm has a market cap of $45.18 billion, a P/E ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The stock’s 50 day moving average is $360.19 and its two-hundred day moving average is $303.57.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results 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. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly 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 legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction 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 transaction, the insider now 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. Corporate insiders own 0.48% of the company’s stock.

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.