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67,316 Shares in lululemon athletica inc. $LULU Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

lululemon athletica logo with Consumer Discretionary background
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Key Points

  • United Super Pty Ltd disclosed a new fourth-quarter stake in lululemon athletica, buying 67,316 shares valued at about $13.99 million.
  • Several analysts recently cut price targets on LULU and the stock’s consensus rating remains Hold, with an average target price of about $201.66.
  • Lululemon’s recent earnings beat expectations, but the stock has fallen sharply from its highs; it opened at $131.33 and trades well below its 52-week high of $340.25.
  • MarketBeat previews the top five stocks to own by June 1st.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 67,316 shares of the apparel retailer's stock, valued at approximately $13,989,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of lululemon athletica as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Davis Investment Partners LLC lifted its holdings in lululemon athletica by 2.9% in the fourth quarter. Davis Investment Partners LLC now owns 2,064 shares of the apparel retailer's stock worth $435,000 after acquiring an additional 58 shares during the last quarter. NorthRock Partners LLC grew its position in shares of lululemon athletica by 4.2% during the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer's stock worth $276,000 after acquiring an additional 62 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of lululemon athletica by 81.9% during the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 68 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of lululemon athletica by 1.7% during the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer's stock worth $1,016,000 after acquiring an additional 73 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its position in shares of lululemon athletica by 3.2% during the third quarter. Banque Cantonale Vaudoise now owns 2,422 shares of the apparel retailer's stock worth $430,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America cut their price target on lululemon athletica from $220.00 to $200.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. BNP Paribas Exane cut their price target on lululemon athletica from $206.00 to $170.00 and set a "neutral" rating on the stock in a report on Wednesday, March 18th. Telsey Advisory Group cut their price target on lululemon athletica from $215.00 to $175.00 and set a "market perform" rating on the stock in a report on Wednesday, March 18th. Wells Fargo & Company cut their price target on lululemon athletica from $175.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 18th. Finally, Robert W. Baird cut their price target on lululemon athletica from $190.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica has an average rating of "Hold" and an average target price of $201.66.

Get Our Latest Stock Report on LULU

Insider Buying and Selling at lululemon athletica

In related news, Director Charles V. Bergh purchased 6,090 shares of the company's stock in a transaction on Friday, March 20th. The shares were bought at an average price of $164.20 per share, with a total value of $999,978.00. Following the completion of the acquisition, the director owned 6,090 shares of the company's stock, valued at approximately $999,978. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 622 shares of the business's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total transaction of $100,142.00. Following the sale, the insider directly owned 19,156 shares in the company, valued at approximately $3,084,116. This trade represents a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Stock Performance

NASDAQ LULU opened at $131.33 on Friday. The stock has a market capitalization of $15.85 billion, a P/E ratio of 9.87, a P/E/G ratio of 4.04 and a beta of 0.90. lululemon athletica inc. has a 1 year low of $116.63 and a 1 year high of $340.25. The business's fifty day moving average is $145.65 and its two-hundred day moving average is $171.83.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.23. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The firm's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 earnings per share. On average, research analysts forecast that lululemon athletica inc. will post 12.26 earnings per share for the current year.

lululemon athletica News Roundup

Here are the key news stories impacting lululemon athletica this week:

lululemon athletica Profile

(Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU - Free Report).

Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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