1ST Source Bank Has $367,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

1ST Source Bank lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,352 shares of the apparel retailer’s stock after selling 38 shares during the quarter. 1ST Source Bank’s holdings in Lululemon Athletica were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $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 worth about $29,000. JFS Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC raised its holdings 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 buying an additional 46 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LULU. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a 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 report on Monday, December 2nd. Barclays upped their price target on Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Raymond James raised their price target on shares of Lululemon Athletica from $320.00 to $355.00 in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus target price of $377.63.

Lululemon Athletica Trading Up 0.6 %

Lululemon Athletica stock opened at $391.63 on Friday. The company has a market capitalization of $48.08 billion, a PE ratio of 28.28, a P/E/G ratio of 2.84 and a beta of 1.23. The stock has a 50-day moving average price of $318.81 and a two-hundred day moving average price of $291.46. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

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

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

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.