Lululemon Athletica (NASDAQ:LULU) Stock Price Down 3.5% – Time to Sell?

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) dropped 3.5% during mid-day trading on Wednesday . The stock traded as low as $375.10 and last traded at $375.27. Approximately 949,949 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 1,526,299 shares. The stock had previously closed at $388.74.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. KeyCorp boosted their target price on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Evercore ISI upped their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Finally, Morgan Stanley raised their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Lululemon Athletica Stock Performance

The firm has a 50-day moving average price of $361.31 and a 200 day moving average price of $304.04. The stock has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced 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 firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the 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 completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Paladin Wealth LLC bought a new position in Lululemon Athletica in the third quarter worth $29,000. JFS Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after buying an additional 76 shares during the period. Asset Dedication LLC increased its stake in shares of Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after acquiring an additional 189 shares in the last quarter. Finally, Avondale Wealth Management purchased a new position in Lululemon Athletica during the 3rd quarter valued at about $68,000. Hedge funds and other institutional investors own 85.20% 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.