Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by HS Management Partners LLC

HS Management Partners LLC lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 224,775 shares of the apparel retailer’s stock after selling 86,765 shares during the quarter. Lululemon Athletica makes up 5.9% of HS Management Partners LLC’s holdings, making the stock its 3rd biggest position. HS Management Partners LLC owned about 0.18% of Lululemon Athletica worth $85,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LULU. Chicago Partners Investment Group LLC bought a new stake in Lululemon Athletica in the 3rd quarter valued at $221,000. Harbor Capital Advisors Inc. raised its stake in Lululemon Athletica by 6.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,284 shares of the apparel retailer’s stock valued at $1,162,000 after acquiring an additional 242 shares during the period. National Pension Service raised its stake in Lululemon Athletica by 8.7% in the 3rd quarter. National Pension Service now owns 258,150 shares of the apparel retailer’s stock valued at $70,049,000 after acquiring an additional 20,564 shares during the period. Asset Management One Co. Ltd. raised its stake in Lululemon Athletica by 2.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 45,209 shares of the apparel retailer’s stock valued at $12,267,000 after acquiring an additional 973 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Lululemon Athletica by 15.4% in the 3rd quarter. QRG Capital Management Inc. now owns 4,467 shares of the apparel retailer’s stock valued at $1,212,000 after acquiring an additional 595 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 1.2 %

Shares of NASDAQ LULU opened at $349.53 on Thursday. The firm has a market capitalization of $42.57 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.22 and a beta of 1.21. The stock’s 50-day simple moving average is $384.57 and its two-hundred day simple moving average is $331.65. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 EPS. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on LULU. Robert W. Baird increased their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Truist Financial increased their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. KeyCorp increased their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a research report on Friday, January 10th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

About Lululemon Athletica

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.