Zevenbergen Capital Investments LLC Sells 81,835 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

Zevenbergen Capital Investments LLC reduced its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 29.3% during the fourth quarter, Holdings Channel reports. The firm owned 197,550 shares of the apparel retailer’s stock after selling 81,835 shares during the period. Lululemon Athletica makes up 1.7% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 23rd largest holding. Zevenbergen Capital Investments LLC’s holdings in Lululemon Athletica were worth $45,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Savior LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at about $29,000. Golden State Wealth Management LLC lifted its position in shares of Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Howard Wealth Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $34,000. Finally, Allworth Financial LP lifted its position in shares of Lululemon Athletica by 167.7% during the fourth quarter. Allworth Financial LP now owns 166 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 104 shares in the last quarter. 81.05% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on the stock. Cowen raised their price target on shares of Lululemon Athletica from to and gave the company a “buy” rating in a research report on Tuesday, January 14th. Robert W. Baird raised their price target on shares of Lululemon Athletica from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer raised their price target on shares of Lululemon Athletica from $225.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. BidaskClub raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Wedbush raised their price target on shares of Lululemon Athletica from $235.00 to $245.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $241.83.

In related news, COO Stuart Haselden sold 27,451 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $232.78, for a total transaction of $6,390,043.78. Following the completion of the transaction, the chief operating officer now owns 15,247 shares of the company’s stock, valued at $3,549,196.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David M. Mussafer sold 4,673 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $217.00, for a total transaction of $1,014,041.00. Following the transaction, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $4,111,499. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

NASDAQ:LULU traded up $1.17 during mid-day trading on Thursday, hitting $263.68. 1,518,343 shares of the stock traded hands, compared to its average volume of 1,313,931. The business’s 50-day moving average price is $242.25 and its 200 day moving average price is $212.55. The company has a market cap of $33.78 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 2.39 and a beta of 0.79. Lululemon Athletica inc. has a 12-month low of $141.01 and a 12-month high of $266.20. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.34.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, December 11th. The apparel retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $897.58 million. Lululemon Athletica had a net margin of 15.10% and a return on equity of 39.71%. Lululemon Athletica’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Analysts anticipate that Lululemon Athletica inc. will post 4.96 earnings per share for the current fiscal year.

Lululemon Athletica Profile

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.

See Also: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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

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