Lululemon Athletica Inc. (NASDAQ:LULU) Stake Reduced by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,688 shares of the apparel retailer’s stock after selling 605 shares during the period. Logan Capital Management Inc.’s holdings in Lululemon Athletica were worth $9,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC boosted its stake in 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 purchasing an additional 65 shares during the period. Ridgewood Investments LLC acquired a new position in Lululemon Athletica in the 2nd quarter worth approximately $33,000. Finally, HHM Wealth Advisors LLC grew its position in Lululemon Athletica by 66.7% during the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 46 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial raised their target price on Lululemon Athletica from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Evercore ISI lifted their target price on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Citigroup raised their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. UBS Group upped their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Barclays boosted their price target on shares of Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $377.63.

Lululemon Athletica Stock Up 0.1 %

Lululemon Athletica stock traded up $0.27 during mid-day trading on Friday, reaching $389.60. The company had a trading volume of 157,164 shares, compared to its average volume of 2,116,510. The firm has a market cap of $47.84 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 2.84 and a beta of 1.23. The company has a 50 day moving average of $316.39 and a 200-day moving average of $290.85. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company earned $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal 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.