Stephens Investment Management Group LLC Reduces Position in Lululemon Athletica inc. (NASDAQ:LULU)

Stephens Investment Management Group LLC cut its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,553 shares of the apparel retailer’s stock after selling 15,528 shares during the period. Stephens Investment Management Group LLC owned approximately 0.21% of Lululemon Athletica worth $48,937,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Lululemon Athletica by 0.5% during the first quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock valued at $3,030,287,000 after buying an additional 97,885 shares during the last quarter. Jennison Associates LLC boosted its position in Lululemon Athletica by 144.2% in the first quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after purchasing an additional 3,732,291 shares during the last quarter. BlackRock Inc. boosted its position in Lululemon Athletica by 6.3% in the first quarter. BlackRock Inc. now owns 5,896,520 shares of the apparel retailer’s stock worth $966,262,000 after purchasing an additional 350,808 shares during the last quarter. Geode Capital Management LLC boosted its position in Lululemon Athletica by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock worth $157,624,000 after purchasing an additional 53,511 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Lululemon Athletica by 15.0% in the first quarter. Wells Fargo & Company MN now owns 812,430 shares of the apparel retailer’s stock worth $133,134,000 after purchasing an additional 105,900 shares during the last quarter. 82.69% of the stock is currently owned by institutional investors.

NASDAQ:LULU traded down $0.93 during trading hours on Thursday, reaching $173.75. The stock had a trading volume of 35,336 shares, compared to its average volume of 1,218,500. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $194.25. The company’s 50 day moving average price is $184.81. The company has a market capitalization of $23.30 billion, a PE ratio of 45.11, a PEG ratio of 2.07 and a beta of 0.62.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The business had revenue of $782.30 million for the quarter, compared to the consensus estimate of $755.92 million. During the same quarter in the previous year, the company posted $0.55 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.

In other Lululemon Athletica news, Director David M. Mussafer sold 4,484 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the sale, the director now owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Several research analysts have issued reports on the company. DA Davidson dropped their target price on Lululemon Athletica to $175.00 and set an “average” rating on the stock in a research report on Tuesday, July 9th. Jefferies Financial Group cut Lululemon Athletica to a “hold” rating and raised their target price for the stock from $156.00 to $175.00 in a research report on Thursday, June 13th. UBS Group raised their target price on Lululemon Athletica from $182.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Bank of America raised their target price on Lululemon Athletica from $185.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Credit Suisse Group raised their target price on Lululemon Athletica from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica currently has an average rating of “Buy” and an average target price of $190.34.

About Lululemon Athletica

lululemon athletica inc., 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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