Dynamic Advisor Solutions LLC Trims Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Dynamic Advisor Solutions LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,641 shares of the apparel retailer’s stock after selling 362 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Lululemon Athletica were worth $1,392,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LULU. Shepherd Financial Partners LLC purchased a new position in shares of Lululemon Athletica in the third quarter worth $953,000. Rheos Capital Works Inc. increased its holdings in Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after acquiring an additional 2,500 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after purchasing an additional 34,704 shares in the last quarter. Finally, Touchstone Capital Inc. bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $4,084,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business’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 completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 3.1 %

Shares of NASDAQ:LULU opened at $400.03 on Monday. The business’s 50 day moving average is $368.60 and its 200 day moving average is $307.60. The stock has a market cap of $48.72 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LULU shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. TD Cowen increased their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. KeyCorp boosted their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $391.00.

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.