Amundi Has $105.45 Million Stock Position in lululemon athletica inc. $LULU

Amundi cut its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 31.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,140 shares of the apparel retailer’s stock after selling 197,642 shares during the quarter. Amundi owned about 0.36% of lululemon athletica worth $105,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flaharty Asset Management LLC acquired a new position in lululemon athletica during the 1st quarter valued at $29,000. Blue Trust Inc. increased its holdings in shares of lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 61 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of lululemon athletica during the second quarter valued at about $30,000. Zions Bancorporation National Association UT bought a new stake in shares of lululemon athletica in the first quarter valued at about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in lululemon athletica by 464.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after buying an additional 116 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LULU shares. Morgan Stanley cut their price target on lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating for the company in a report on Tuesday, September 30th. BTIG Research restated a “buy” rating and issued a $303.00 target price on shares of lululemon athletica in a research note on Tuesday, November 25th. Jefferies Financial Group reiterated an “underperform” rating on shares of lululemon athletica in a research note on Monday, October 27th. Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, BNP Paribas raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $221.22.

lululemon athletica Stock Performance

LULU opened at $190.01 on Monday. The firm’s 50-day simple moving average is $173.35 and its 200-day simple moving average is $205.60. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 11.87 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.24. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $3.15 EPS. As a group, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

lululemon athletica Company 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.