Bleakley Financial Group LLC Reduces Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Bleakley Financial Group LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 42.9% during the third quarter, HoldingsChannel reports. The firm owned 926 shares of the apparel retailer’s stock after selling 697 shares during the period. Bleakley Financial Group LLC’s holdings in Lululemon Athletica were worth $251,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd boosted its stake in Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after buying an additional 4,630,466 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock worth $61,084,000 after acquiring an additional 283,344 shares during the period. Swedbank AB boosted its position in shares of Lululemon Athletica by 151.0% during the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after acquiring an additional 221,112 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lululemon Athletica by 38.2% in the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares during the period. Finally, M&G Plc acquired a new stake in Lululemon Athletica during the first quarter worth about $72,455,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Guggenheim dropped their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group lowered their price objective on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Citigroup reduced their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. TD Cowen lowered their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Finally, The Goldman Sachs Group lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $463.00 to $286.00 in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 1.9 %

Shares of NASDAQ:LULU opened at $293.14 on Thursday. The company has a market cap of $36.64 billion, a PE ratio of 23.51, a P/E/G ratio of 1.99 and a beta of 1.25. The company’s 50 day moving average is $268.39 and its two-hundred day moving average is $294.69. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Lululemon Athletica Company 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.