Stephens Inc. AR Sells 325 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Stephens Inc. AR decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286 shares of the apparel retailer’s stock after selling 325 shares during the quarter. Stephens Inc. AR’s holdings in Lululemon Athletica were worth $360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OLD National Bancorp IN increased its position in Lululemon Athletica by 39.4% during the 2nd quarter. OLD National Bancorp IN now owns 3,896 shares of the apparel retailer’s stock valued at $1,062,000 after purchasing an additional 1,101 shares during the period. Bridgewater Associates LP increased its position in Lululemon Athletica by 27.4% during the 2nd quarter. Bridgewater Associates LP now owns 65,303 shares of the apparel retailer’s stock valued at $17,802,000 after purchasing an additional 14,025 shares during the period. Achmea Investment Management B.V. increased its position in Lululemon Athletica by 2.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 8,420 shares of the apparel retailer’s stock valued at $2,354,000 after purchasing an additional 228 shares during the period. Chartwell Investment Partners LLC increased its position in Lululemon Athletica by 141.4% during the 2nd quarter. Chartwell Investment Partners LLC now owns 12,882 shares of the apparel retailer’s stock valued at $3,512,000 after purchasing an additional 7,546 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Lululemon Athletica by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 242,738 shares of the apparel retailer’s stock valued at $66,173,000 after purchasing an additional 1,501 shares during the period. Institutional investors own 82.04% of the company’s stock.

Lululemon Athletica Price Performance

LULU opened at $316.08 on Tuesday. The firm has a fifty day moving average price of $334.81 and a 200 day moving average price of $320.39. Lululemon Athletica Inc. has a 1 year low of $251.51 and a 1 year high of $410.70. The stock has a market cap of $40.30 billion, a P/E ratio of 34.73, a P/E/G ratio of 1.58 and a beta of 1.35.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its earnings results on Thursday, December 8th. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.04. Lululemon Athletica had a net margin of 15.66% and a return on equity of 41.13%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business posted $1.62 EPS. The business’s revenue was up 28.0% compared to the same quarter last year. Equities analysts expect that Lululemon Athletica Inc. will post 9.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays cut their target price on shares of Lululemon Athletica from $445.00 to $394.00 and set an “overweight” rating on the stock in a research report on Friday, January 13th. Guggenheim cut their price objective on shares of Lululemon Athletica from $475.00 to $400.00 in a research report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lululemon Athletica from $447.00 to $422.00 in a research report on Tuesday, January 10th. Stifel Nicolaus lifted their price objective on shares of Lululemon Athletica from $400.00 to $450.00 in a research report on Monday, December 5th. Finally, Telsey Advisory Group cut their price objective on shares of Lululemon Athletica from $470.00 to $425.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $404.46.

Lululemon Athletica Company Profile

(Get Rating)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories 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 and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

Featured Stories

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULUGet Rating).

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.