lululemon athletica inc. $LULU Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. lessened its position in lululemon athletica inc. (NASDAQ:LULU) by 63.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,498 shares of the apparel retailer’s stock after selling 4,410 shares during the period. EFG Asset Management Americas Corp.’s holdings in lululemon athletica were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LULU. Hussman Strategic Advisors Inc. lifted its holdings in lululemon athletica by 66.7% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after acquiring an additional 8,400 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after purchasing an additional 458,322 shares during the last quarter. Pacific Heights Asset Management LLC grew its stake in shares of lululemon athletica by 44.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock worth $11,565,000 after purchasing an additional 20,000 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of lululemon athletica in the 2nd quarter worth approximately $3,276,000. Finally, Mediolanum International Funds Ltd raised its holdings in shares of lululemon athletica by 72.8% in the 3rd quarter. Mediolanum International Funds Ltd now owns 54,318 shares of the apparel retailer’s stock worth $9,729,000 after purchasing an additional 22,891 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LULU shares. The Goldman Sachs Group reduced their target price on shares of lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. BNP Paribas Exane dropped their price target on lululemon athletica from $230.00 to $206.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $210.00 price objective on shares of lululemon athletica in a research report on Tuesday, December 30th. BTIG Research reduced their price objective on lululemon athletica from $303.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Barclays lifted their target price on lululemon athletica from $180.00 to $189.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, lululemon athletica currently has an average rating of “Hold” and an average price target of $223.40.

Insider Transactions at lululemon athletica

In other news, insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the sale, the insider owned 5,318 shares in the company, valued at $1,084,872. This represents a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Price Performance

LULU stock opened at $157.78 on Monday. The firm has a market capitalization of $18.51 billion, a P/E ratio of 10.93, a P/E/G ratio of 9.96 and a beta of 1.00. lululemon athletica inc. has a 52-week low of $156.64 and a 52-week high of $348.50. The company’s 50 day simple moving average is $184.18 and its 200-day simple moving average is $182.23.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the business posted $2.53 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Key lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Product and brand strength highlighted in lifestyle coverage supports demand resilience for lululemon’s core apparel and technical leggings, reinforcing the company’s premium positioning. I work out daily—Lululemon, Brooks, Vuori and more keep me cool and comfortable while in motion
• Positive Sentiment: Coverage that includes LULU among “cash-producing” stocks underscores the company’s ability to generate cash, a plus for flexibility on buybacks, investment or weathering slower comps. 3 Cash-Producing Stocks to Research Further
• Neutral Sentiment: Quarterly outlook and estimate roundups (Wall Street metrics for Q4/FY) provide detail investors will watch for signs of margin recovery, wholesale trends and Outerknown/men’s/growth initiatives; these are informational but could move the stock when compared to company guidance. Unveiling Lululemon (LULU) Q4 Outlook: Wall Street Estimates for Key Metrics
• Negative Sentiment: Founder Chip Wilson publicly urged CEO candidates to beware an “unfit” board and called for board refreshment, escalating governance concerns during the CEO search; as a large shareholder, his comments raise investor uncertainty about leadership, strategy continuity and potential proxy tensions. Chip Wilson to lululemon CEO Candidates: Beware a Board Unfit to Support Visionary Leadership
• Negative Sentiment: Telsey Advisory Group assigned a Market Perform rating, which signals tepid near-term expectations from a sell-side perspective and can weigh on sentiment until clearer evidence of top-line acceleration or margin improvement appears. lululemon athletica (NASDAQ:LULU) Earns Market Perform Rating from Telsey Advisory Group

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.