Lmcg Investments LLC Has $7.08 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Lmcg Investments LLC lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the apparel retailer’s stock after selling 713 shares during the quarter. Lmcg Investments LLC’s holdings in Lululemon Athletica were worth $7,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. Benjamin F. Edwards & Company Inc. grew its holdings in Lululemon Athletica by 14.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,018 shares of the apparel retailer’s stock valued at $901,000 after purchasing an additional 389 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at $200,000. Pacer Advisors Inc. increased its position in shares of Lululemon Athletica by 75.4% in the 2nd quarter. Pacer Advisors Inc. now owns 25,889 shares of the apparel retailer’s stock valued at $7,733,000 after buying an additional 11,126 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Lululemon Athletica by 10.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 107,467 shares of the apparel retailer’s stock worth $32,100,000 after buying an additional 9,894 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in Lululemon Athletica during the second quarter worth about $35,545,000. 85.20% of the stock is currently owned by institutional investors.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Telsey Advisory Group raised their price target on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. KeyCorp boosted their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Robert W. Baird increased their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $373.70 on Tuesday. The company has a market cap of $45.51 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.44 and a beta of 1.18. The firm’s fifty day moving average price is $362.61 and its two-hundred day moving average price is $304.59. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 EPS. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.33 earnings per share for the current year.

About Lululemon Athletica

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.