Vigilare Wealth Management Sells 50 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Vigilare Wealth Management lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 842 shares of the apparel retailer’s stock after selling 50 shares during the quarter. Vigilare Wealth Management’s holdings in Lululemon Athletica were worth $319,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LULU. Silicon Valley Capital Partners bought a new position in Lululemon Athletica in the 4th quarter valued at approximately $25,000. SOA Wealth Advisors LLC. bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $26,000. Carderock Capital Management Inc. bought a new position in Lululemon Athletica during the 1st quarter worth approximately $27,000. Janiczek Wealth Management LLC raised its holdings in Lululemon Athletica by 126.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 77 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Finally, Corrado Advisors LLC bought a new position in Lululemon Athletica during the 4th quarter worth approximately $29,000. Institutional investors own 91.50% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, insider Michelle Sun Choe sold 27,981 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $401.00, for a total value of $11,220,381.00. Following the sale, the insider now directly owns 3,892 shares in the company, valued at approximately $1,560,692. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of Lululemon Athletica from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $328.00 to $366.00 in a report on Tuesday, September 5th. Guggenheim restated a “buy” rating and set a $440.00 price target on shares of Lululemon Athletica in a report on Friday, September 1st. UBS Group raised their price objective on shares of Lululemon Athletica from $407.00 to $429.00 in a research report on Friday, September 1st. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $430.00 to $455.00 in a research report on Friday, September 1st. Finally, BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $355.00 to $376.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $438.62.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU traded up $1.19 during mid-day trading on Friday, reaching $389.93. 1,411,191 shares of the company’s stock were exchanged, compared to its average volume of 1,631,043. The firm has a market capitalization of $49.55 billion, a price-to-earnings ratio of 49.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.39. Lululemon Athletica Inc. has a 52 week low of $277.50 and a 52 week high of $406.94. The firm has a 50-day moving average price of $382.96 and a two-hundred day moving average price of $364.59.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Lululemon Athletica had a return on equity of 44.47% and a net margin of 11.40%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 12.16 EPS for the current fiscal year.

Lululemon Athletica Company 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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.