Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Lessened by Sigma Planning Corp

Sigma Planning Corp lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 68.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 507 shares of the apparel retailer’s stock after selling 1,083 shares during the period. Sigma Planning Corp’s holdings in Lululemon Athletica were worth $259,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LULU. DAVENPORT & Co LLC raised its stake in Lululemon Athletica by 11.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer’s stock valued at $741,000 after purchasing an additional 192 shares during the period. Oak Thistle LLC raised its stake in Lululemon Athletica by 4.4% during the 3rd quarter. Oak Thistle LLC now owns 1,031 shares of the apparel retailer’s stock valued at $398,000 after purchasing an additional 43 shares during the period. Ballentine Partners LLC acquired a new stake in Lululemon Athletica during the 3rd quarter valued at $208,000. Valeo Financial Advisors LLC raised its stake in Lululemon Athletica by 37.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,362 shares of the apparel retailer’s stock valued at $525,000 after purchasing an additional 370 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Lululemon Athletica by 0.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,292 shares of the apparel retailer’s stock valued at $1,655,000 after purchasing an additional 34 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LULU. Sanford C. Bernstein cut their target price on shares of Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating on the stock in a research note on Friday. HSBC dropped their price target on shares of Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Robert W. Baird dropped their price target on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Raymond James upped their price target 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. Finally, Wells Fargo & Company dropped their price target on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Friday, March 22nd. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $481.96.

Lululemon Athletica Stock Up 1.3 %

LULU stock opened at $364.70 on Monday. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The company has a market cap of $45.96 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The business’s 50-day simple moving average is $410.57 and its 200 day simple moving average is $439.16.

Lululemon Athletica (NASDAQ:LULU) last released 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. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the business earned $4.40 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Buying and Selling

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

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.