Gabelli Funds LLC lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 35.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,800 shares of the apparel retailer’s stock after selling 4,300 shares during the quarter. Gabelli Funds LLC’s holdings in Lululemon Athletica were worth $2,499,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Lululemon Athletica by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,048,356 shares of the apparel retailer’s stock valued at $1,970,439,000 after buying an additional 60,752 shares during the last quarter. State Street Corp raised its holdings in Lululemon Athletica by 0.7% in the 3rd quarter. State Street Corp now owns 2,641,033 shares of the apparel retailer’s stock valued at $738,327,000 after buying an additional 17,419 shares during the last quarter. Edgewood Management LLC bought a new position in Lululemon Athletica in the 4th quarter valued at approximately $824,128,000. Geode Capital Management LLC raised its holdings in Lululemon Athletica by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,607,688 shares of the apparel retailer’s stock valued at $514,463,000 after buying an additional 48,088 shares during the last quarter. Finally, Winslow Capital Management LLC raised its holdings in Lululemon Athletica by 21.0% in the 4th quarter. Winslow Capital Management LLC now owns 1,319,850 shares of the apparel retailer’s stock valued at $422,854,000 after buying an additional 228,913 shares during the last quarter. Institutional investors own 82.04% of the company’s stock.
Insider Transactions at Lululemon Athletica
In other news, insider Celeste Burgoyne sold 17,343 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $362.00, for a total transaction of $6,278,166.00. Following the completion of the transaction, the insider now owns 15,302 shares of the company’s stock, valued at $5,539,324. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.
Lululemon Athletica Trading Up 1.5 %
Lululemon Athletica (NASDAQ:LULU – Get Rating) last announced its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.31. Lululemon Athletica had a return on equity of 44.94% and a net margin of 11.24%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the business posted $1.48 EPS. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 11.92 earnings per share for the current fiscal year.
Analyst Ratings Changes
LULU has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of Lululemon Athletica from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 20th. UBS Group increased their target price on shares of Lululemon Athletica from $335.00 to $399.00 and gave the company a “neutral” rating in a research report on Monday, April 3rd. Barclays increased their target price on shares of Lululemon Athletica from $413.00 to $430.00 in a research report on Monday, June 5th. Guggenheim increased their target price on shares of Lululemon Athletica from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $465.00 to $471.00 in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $413.22.
Lululemon Athletica Profile
lululemon athletica, Inc engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.
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