First Trust Advisors LP Decreases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

First Trust Advisors LP trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,975 shares of the apparel retailer’s stock after selling 1,888 shares during the period. First Trust Advisors LP owned approximately 0.06% of Lululemon Athletica worth $40,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lululemon Athletica by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock valued at $2,824,150,000 after purchasing an additional 38,432 shares during the last quarter. Morgan Stanley increased its position in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after purchasing an additional 437,069 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares during the last quarter. American Century Companies Inc. increased its position in shares of Lululemon Athletica by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock valued at $529,756,000 after purchasing an additional 137,454 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Lululemon Athletica by 4.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer’s stock valued at $516,362,000 after purchasing an additional 52,348 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on LULU. Wells Fargo & Company cut their target price on Lululemon Athletica from $425.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group cut their price objective on Lululemon Athletica from $475.00 to $385.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. TD Securities cut their price objective on Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Wedbush upped their price objective on Lululemon Athletica from $397.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 price objective on shares of Lululemon Athletica in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $437.74.

View Our Latest Research Report on Lululemon Athletica

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $317.86 on Friday. The stock has a 50-day moving average of $340.49 and a two-hundred day moving average of $422.82. Lululemon Athletica Inc. has a one year low of $293.03 and a one year high of $516.39. The stock has a market cap of $40.05 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.16. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the business posted $2.28 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.25 EPS for the current fiscal year.

Lululemon Athletica Profile

(Free Report)

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.

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

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