Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by CNB Bank

CNB Bank lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 15.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,509 shares of the apparel retailer’s stock after selling 273 shares during the period. CNB Bank’s holdings in Lululemon Athletica were worth $577,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Shepherd Financial Partners LLC purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth $953,000. XTX Topco Ltd raised its position in Lululemon Athletica by 281.4% in the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares during the period. Rheos Capital Works Inc. grew its holdings in shares of Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after purchasing an additional 2,500 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the last quarter. Finally, Caxton Associates LP boosted its position in shares of Lululemon Athletica by 6,702.7% during the 2nd quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock worth $17,922,000 after purchasing an additional 59,118 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU opened at $375.43 on Friday. The company has a market cap of $45.72 billion, a P/E ratio of 27.10, 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 has a fifty day moving average price of $360.19 and a 200 day moving average price of $303.57.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company earned $2.53 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday. Evercore ISI upped their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a report on Friday, January 10th. Barclays raised their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, TD Cowen boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

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.