Lululemon Athletica inc. (LULU) Major Shareholder Sells $115,640,910.00 in Stock

Lululemon Athletica inc. (NASDAQ:LULU) major shareholder Dennis J. Wilson sold 847,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $136.53, for a total value of $115,640,910.00. Following the sale, the insider now owns 3,852 shares of the company’s stock, valued at $525,913.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Lululemon Athletica stock opened at $132.16 on Friday. Lululemon Athletica inc. has a 52 week low of $74.90 and a 52 week high of $164.79. The firm has a market capitalization of $18.01 billion, a PE ratio of 51.03, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. Lululemon Athletica had a return on equity of 30.28% and a net margin of 12.63%. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $736.10 million. During the same quarter in the prior year, the company posted $0.56 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Sell-side analysts expect that Lululemon Athletica inc. will post 3.7 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in LULU. Private Advisor Group LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at $225,000. Dimensional Fund Advisors LP lifted its stake in shares of Lululemon Athletica by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,472 shares of the apparel retailer’s stock valued at $51,373,000 after purchasing an additional 2,445 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Lululemon Athletica by 26.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 199,302 shares of the apparel retailer’s stock worth $24,882,000 after acquiring an additional 42,090 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in Lululemon Athletica by 122.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 8,138 shares of the apparel retailer’s stock worth $1,016,000 after acquiring an additional 4,473 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Lululemon Athletica by 12.4% during the 2nd quarter. Bank of America Corp DE now owns 487,958 shares of the apparel retailer’s stock worth $60,922,000 after acquiring an additional 53,724 shares in the last quarter. 78.65% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on LULU. Cowen set a $185.00 price target on Lululemon Athletica and gave the stock an “outperform” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada boosted their price target on Lululemon Athletica from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. B. Riley reiterated a “neutral” rating and set a $155.00 price target (up from $141.00) on shares of Lululemon Athletica in a research report on Tuesday, October 2nd. Wedbush boosted their price target on Lululemon Athletica from $110.00 to $176.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 2nd. Finally, Robert W. Baird boosted their price target on Lululemon Athletica from $170.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $159.53.

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Lululemon Athletica Company Profile

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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