Geneva Capital Management LLC Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Geneva Capital Management LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,212 shares of the apparel retailer’s stock after selling 1,578 shares during the quarter. Geneva Capital Management LLC’s holdings in Lululemon Athletica were worth $23,628,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. boosted its position in shares of Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 42 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at $27,000. Bogart Wealth LLC raised its holdings in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica during the 4th quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in Lululemon Athletica during the 4th quarter valued at about $40,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 2.1 %

NASDAQ LULU traded up $7.34 during mid-day trading on Thursday, hitting $352.95. The stock had a trading volume of 1,769,218 shares, compared to its average volume of 1,740,593. The company has a 50 day simple moving average of $394.16 and a 200 day simple moving average of $436.46. The company has a market cap of $44.48 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter last year, the business posted $4.40 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LULU shares. Oppenheimer reissued an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. KeyCorp reduced their price objective on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 price target on shares of Lululemon Athletica in a report on Friday, March 22nd. Citigroup dropped their price objective on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, TD Cowen decreased their target price on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $474.79.

Insider Buying and Selling at Lululemon Athletica

In other news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

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.