Jackson Square Partners LLC Sells 42 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Jackson Square Partners LLC lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77 shares of the apparel retailer’s stock after selling 42 shares during the quarter. Jackson Square Partners LLC’s holdings in Lululemon Athletica were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Lululemon Athletica by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock valued at $2,824,150,000 after buying an additional 38,432 shares in the last quarter. Morgan Stanley boosted its stake in shares of Lululemon Athletica by 29.2% in the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after purchasing an additional 437,069 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Lululemon Athletica by 20.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Lululemon Athletica by 11.1% in the 3rd quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock worth $529,756,000 after purchasing an additional 137,454 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Lululemon Athletica by 4.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer’s stock worth $516,362,000 after purchasing an additional 52,348 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by insiders.

Lululemon Athletica Trading Down 1.0 %

Shares of NASDAQ:LULU traded down $3.33 during trading on Friday, hitting $334.95. 2,588,595 shares of the company’s stock traded hands, compared to its average volume of 1,628,066. The company has a 50-day moving average price of $378.90 and a 200-day moving average price of $433.81. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the firm posted $4.40 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LULU. BMO Capital Markets upped their price objective on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Morgan Stanley dropped their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Wedbush decreased their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Sanford C. Bernstein cut their price target on Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Finally, Barclays downgraded shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $546.00 to $395.00 in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $474.79.

Check Out Our Latest Stock Report on LULU

Lululemon Athletica Company Profile

(Free Report)

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.

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

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