lululemon athletica inc. (NASDAQ:LULU) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 36.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,550 shares of the apparel retailer's stock after buying an additional 8,414 shares during the period. Cerity Partners LLC's holdings in lululemon athletica were worth $8,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after buying an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. lifted its position in lululemon athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Geode Capital Management LLC lifted its position in lululemon athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after buying an additional 10,461 shares in the last quarter. Capital World Investors lifted its position in lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in lululemon athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after buying an additional 421,890 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

lululemon athletica Trading Down 2.0%

LULU stock traded down $4.58 during trading on Friday, hitting $228.73. The company had a trading volume of 1,526,674 shares, compared to its average volume of 2,364,501. The firm has a market capitalization of $27.41 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.92 and a beta of 1.17. The business has a 50 day moving average of $270.27 and a 200 day moving average of $312.97. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.54 earnings per share. As a group, equities analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

LULU has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. Stifel Nicolaus dropped their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. BTIG Research dropped their price objective on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Needham & Company LLC dropped their price objective on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $340.26.

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.