Chickasaw Capital Management LLC Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Chickasaw Capital Management LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,149 shares of the apparel retailer’s stock after selling 40 shares during the period. Chickasaw Capital Management LLC’s holdings in Lululemon Athletica were worth $1,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd lifted its position in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Lululemon Athletica by 32.3% during the 4th quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock worth $4,955,918,000 after acquiring an additional 2,369,119 shares in the last quarter. Marshall Wace LLP boosted its holdings in Lululemon Athletica by 359.4% in the second quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after purchasing an additional 283,344 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after purchasing an additional 203,882 shares in the last quarter. Finally, M&G Plc purchased a new stake in shares of Lululemon Athletica during the 1st quarter worth approximately $72,455,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $310.00 target price on shares of Lululemon Athletica in a research report on Wednesday, August 28th. UBS Group cut their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Raymond James decreased their target price on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Monday, September 2nd. Evercore ISI reiterated an “outperform” rating and issued a $300.00 price objective on shares of Lululemon Athletica in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.55.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Trading Up 1.7 %

Shares of Lululemon Athletica stock traded up $4.67 during trading hours on Friday, reaching $278.25. The stock had a trading volume of 1,486,340 shares, compared to its average volume of 2,117,952. The firm has a market capitalization of $34.16 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.99 and a beta of 1.25. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm has a 50 day simple moving average of $259.85 and a two-hundred day simple moving average of $300.10.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.68 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Lululemon Athletica 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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.