Asio Capital LLC Has $1.22 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Asio Capital LLC cut its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,194 shares of the apparel retailer’s stock after selling 320 shares during the period. Asio Capital LLC’s holdings in Lululemon Athletica were worth $1,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LULU. International Assets Investment Management LLC grew its stake in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares during the period. Maverick Capital Ltd. bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company grew its position in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares during the period. Southpoint Capital Advisors LP bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $81,405,000. Finally, River Road Asset Management LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth approximately $79,503,000. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LULU shares. Barclays increased their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Telsey Advisory Group boosted their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Raymond James reiterated an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

Lululemon Athletica Trading Up 3.1 %

Shares of NASDAQ LULU opened at $400.03 on Friday. The firm has a market cap of $48.72 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The business’s 50 day moving average is $368.60 and its 200-day moving average is $307.47. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.53 EPS. Analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

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.