Arlington Trust Co LLC Has $1.25 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Arlington Trust Co LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 18.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,280 shares of the apparel retailer’s stock after selling 759 shares during the quarter. Arlington Trust Co LLC’s holdings in Lululemon Athletica were worth $1,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LULU. International Assets Investment Management LLC grew its position in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at approximately $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 acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at approximately $81,405,000. Finally, River Road Asset Management LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at approximately $79,503,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

LULU stock opened at $398.10 on Monday. The stock has a market capitalization of $48.48 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.51 and a beta of 1.19. The business’s fifty day moving average price is $387.61 and its two-hundred day moving average price is $316.26. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94.

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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Barclays upped their price target on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Raymond James reaffirmed an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.