Traders Sell Lululemon Athletica (LULU) on Strength (LULU)

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Traders sold shares of Lululemon Athletica inc. (NASDAQ:LULU) on strength during trading hours on Monday. $649.88 million flowed into the stock on the tick-up and $705.96 million flowed out of the stock on the tick-down, for a money net flow of $56.08 million out of the stock. Of all stocks tracked, Lululemon Athletica had the 0th highest net out-flow for the day. Lululemon Athletica traded up $17.93 for the day and closed at $154.93

A number of brokerages have weighed in on LULU. Citigroup lifted their price objective on Lululemon Athletica from $117.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, June 26th. Stifel Nicolaus lifted their price objective on Lululemon Athletica from $113.00 to $150.00 and gave the company a “hold” rating in a report on Friday, August 31st. UBS Group reaffirmed a “hold” rating and issued a $165.00 price objective (up previously from $130.00) on shares of Lululemon Athletica in a report on Wednesday. SunTrust Banks lifted their price objective on Lululemon Athletica to $162.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, Wells Fargo & Co set a $144.00 price objective on Lululemon Athletica and gave the company a “hold” rating in a report on Friday, August 31st. They noted that the move was a valuation call. Sixteen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Lululemon Athletica presently has an average rating of “Buy” and an average price target of $141.19.

The firm has a market cap of $21.02 billion, a price-to-earnings ratio of 60.17, a price-to-earnings-growth ratio of 2.69 and a beta of 0.09.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.22. The company had revenue of $723.50 million during the quarter, compared to the consensus estimate of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period in the previous year, the firm posted $0.39 EPS. equities research analysts anticipate that Lululemon Athletica inc. will post 3.55 earnings per share for the current fiscal year.

In other Lululemon Athletica news, Director David M. Mussafer sold 17,935 shares of the business’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total value of $2,170,135.00. Following the completion of the transaction, the director now directly owns 18,202 shares in the company, valued at approximately $2,202,442. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder International Corp/Ma Advent sold 10,000,000 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $121.00, for a total value of $1,210,000,000.00. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LULU. Global X Management Co. LLC raised its holdings in Lululemon Athletica by 18.7% in the 1st quarter. Global X Management Co. LLC now owns 4,669 shares of the apparel retailer’s stock valued at $416,000 after acquiring an additional 736 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Lululemon Athletica by 484.9% in the 1st quarter. Wells Fargo & Company MN now owns 523,695 shares of the apparel retailer’s stock valued at $46,672,000 after acquiring an additional 434,157 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Lululemon Athletica in the 1st quarter valued at $277,000. Westpac Banking Corp raised its holdings in Lululemon Athletica by 51.8% in the 1st quarter. Westpac Banking Corp now owns 9,897 shares of the apparel retailer’s stock valued at $882,000 after acquiring an additional 3,377 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Lululemon Athletica during the 1st quarter worth $310,000. Institutional investors own 77.60% of the company’s stock.

About Lululemon Athletica (NASDAQ:LULU)

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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