Lululemon Athletica Inc. (NASDAQ:LULU) Stake Lowered by HS Management Partners LLC

HS Management Partners LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,775 shares of the apparel retailer’s stock after selling 86,765 shares during the period. Lululemon Athletica accounts for about 5.9% of HS Management Partners LLC’s portfolio, making the stock its 3rd biggest position. HS Management Partners LLC’s holdings in Lululemon Athletica were worth $85,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after acquiring an additional 24 shares during the period. SeaCrest Wealth Management LLC raised its position in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC raised its position in Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after purchasing an additional 28 shares during the period. LGT Fund Management Co Ltd. raised its position in Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after purchasing an additional 30 shares during the period. Finally, Mather Group LLC. raised its position in Lululemon Athletica by 21.1% in the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 31 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 1.2 %

LULU stock opened at $349.53 on Thursday. The firm’s 50-day moving average is $384.57 and its two-hundred day moving average is $331.65. The company has a market capitalization of $42.57 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 EPS. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Barclays boosted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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.