Lululemon Athletica inc. (LULU) Position Trimmed by Picton Mahoney Asset Management

Picton Mahoney Asset Management lessened its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,100 shares of the apparel retailer’s stock after selling 300 shares during the period. Picton Mahoney Asset Management’s holdings in Lululemon Athletica were worth $1,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LULU. Vanguard Group Inc grew its holdings in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after acquiring an additional 899,080 shares during the period. Vanguard Group Inc. grew its holdings in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after acquiring an additional 899,080 shares during the period. AQR Capital Management LLC grew its holdings in Lululemon Athletica by 32.2% during the third quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock worth $459,958,000 after acquiring an additional 688,881 shares during the period. BlackRock Inc. grew its holdings in Lululemon Athletica by 10.8% during the third quarter. BlackRock Inc. now owns 6,680,814 shares of the apparel retailer’s stock worth $1,085,564,000 after acquiring an additional 650,365 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Lululemon Athletica during the third quarter worth $80,637,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

LULU opened at $157.32 on Wednesday. The firm has a market cap of $19.83 billion, a P/E ratio of 60.74, a P/E/G ratio of 1.75 and a beta of 0.55. Lululemon Athletica inc. has a 52 week low of $76.60 and a 52 week high of $164.79.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 6th. The apparel retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $736.10 million. Lululemon Athletica had a return on equity of 30.28% and a net margin of 12.63%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. Research analysts expect that Lululemon Athletica inc. will post 3.78 EPS for the current year.

A number of brokerages recently weighed in on LULU. MKM Partners upped their price objective on Lululemon Athletica from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, January 16th. Guggenheim reaffirmed a “buy” rating and set a $165.00 price objective on shares of Lululemon Athletica in a report on Thursday, December 6th. BidaskClub raised Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Wells Fargo & Co lowered their target price on Lululemon Athletica from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Finally, Canaccord Genuity set a $161.00 target price on Lululemon Athletica and gave the company a “buy” rating in a report on Saturday, December 8th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $159.78.

In related news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $145.00, for a total transaction of $199,955,000.00. Following the sale, the insider now owns 3,852 shares of the company’s stock, valued at $558,540. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dennis J. Wilson sold 244,539 shares of the stock in a transaction on Monday, January 28th. The shares were sold at an average price of $149.83, for a total value of $36,639,278.37. Following the sale, the insider now directly owns 3,852 shares in the company, valued at approximately $577,145.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,914,928 shares of company stock worth $414,622,960. Corporate insiders own 0.32% of the company’s stock.

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About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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