Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,375 shares of the apparel retailer’s stock after selling 36 shares during the quarter. Twin Capital Management Inc.’s holdings in Lululemon Athletica were worth $2,748,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $27,000. Bogart Wealth LLC raised its stake in shares of Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU traded up $2.83 during mid-day trading on Thursday, reaching $347.69. 999,341 shares of the company traded hands, compared to its average volume of 1,755,869. The firm has a market cap of $43.81 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The stock has a fifty day simple moving average of $424.95 and a 200-day simple moving average of $439.26.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $4.40 earnings per share. As a group, analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LULU shares. Oppenheimer restated an “outperform” rating and issued a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Raymond James increased their price objective on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Robert W. Baird increased their price objective on shares of Lululemon Athletica from $520.00 to $555.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Needham & Company LLC dropped their price objective on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Jefferies Financial Group dropped their price objective on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $485.39.

Lululemon Athletica 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.