PGGM Investments Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

PGGM Investments lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,965 shares of the apparel retailer’s stock after selling 967 shares during the period. PGGM Investments’ holdings in Lululemon Athletica were worth $4,584,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LULU. Rockline Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth $1,503,000. Envestnet Asset Management Inc. increased its stake in shares of Lululemon Athletica by 30.3% in the third quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock worth $73,248,000 after buying an additional 44,141 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Lululemon Athletica by 1.9% in the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after buying an additional 5,403 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Lululemon Athletica by 10.9% in the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after buying an additional 168 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Lululemon Athletica by 42.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LULU. Citigroup lowered their target price on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company lowered their target price on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. lowered their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group lowered their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research note on Thursday, April 4th. Finally, Needham & Company LLC reduced their price target on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $481.96.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 1.3 %

Shares of Lululemon Athletica stock opened at $364.70 on Monday. The company’s 50-day moving average price is $410.57 and its two-hundred day moving average price is $439.16. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The stock has a market cap of $45.96 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.40 earnings per share. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

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.