WD Rutherford LLC Sells 115 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

WD Rutherford LLC reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,402 shares of the apparel retailer’s stock after selling 115 shares during the quarter. Lululemon Athletica accounts for about 1.8% of WD Rutherford LLC’s holdings, making the stock its 26th biggest holding. WD Rutherford LLC’s holdings in Lululemon Athletica were worth $3,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Valley National Advisers Inc. raised its position in Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica in the third quarter valued at about $27,000. Bogart Wealth LLC raised its position in Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica in the fourth quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica in the fourth quarter valued at about $40,000. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LULU shares. HSBC decreased their price target on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Guggenheim decreased their price target on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. KeyCorp decreased their price target on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Robert W. Baird decreased their price target on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $445.00 price target (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $481.96.

Lululemon Athletica Stock Up 1.3 %

LULU stock opened at $364.70 on Friday. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The stock’s 50 day moving average is $410.57 and its 200-day moving average is $438.25. The firm has a market capitalization of $45.96 billion, a PE ratio of 29.87, a P/E/G ratio of 1.27 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the company earned $4.40 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate 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.