Invesco Ltd. Has $392.78 Million Stake in lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Invesco Ltd. has increased its holdings in lululemon athletica by 7.2%, owning over 1.3 million shares valued at approximately $392.8 million as of the latest reporting period.
• CEO Calvin McDonald sold 27,049 shares of lululemon stock for over $6.3 million, marking a 19.66% decrease in his share ownership.
• Analysts have mixed views on lululemon, with target prices ranging from $209 to $373, and a consensus rating of "Moderate Buy".

Invesco Ltd. grew its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,387,609 shares of the apparel retailer's stock after acquiring an additional 93,530 shares during the period. Invesco Ltd. owned 1.15% of lululemon athletica worth $392,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LULU. Price T Rowe Associates Inc. MD lifted its position in lululemon athletica by 95.7% during the 4th 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 purchasing an additional 2,371,079 shares during the period. GAMMA Investing LLC raised its stake in shares of lululemon athletica by 37,062.1% during the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after buying an additional 561,491 shares during the last quarter. Capital World Investors lifted its holdings in lululemon athletica by 34.6% in 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 during the period. Ameriprise Financial Inc. boosted its stake in lululemon athletica by 128.2% in the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock valued at $270,223,000 after acquiring an additional 396,732 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in lululemon athletica by 9,067.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock valued at $114,246,000 after acquiring an additional 295,493 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent research reports. CICC Research reaffirmed a "market perform" rating and issued a $280.49 price objective on shares of lululemon athletica in a research note on Monday, June 9th. Wells Fargo & Company reduced their price objective on shares of lululemon athletica from $270.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. Citigroup reduced their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Robert W. Baird reduced their price objective on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Evercore ISI lifted their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $327.15.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 2.6%

Shares of NASDAQ LULU traded down $5.30 during midday trading on Thursday, reaching $195.19. The company's stock had a trading volume of 4,034,136 shares, compared to its average volume of 2,634,467. lululemon athletica inc. has a fifty-two week low of $185.95 and a fifty-two week high of $423.32. The stock has a market capitalization of $23.39 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.64 and a beta of 1.16. The stock has a 50 day simple moving average of $228.21 and a 200-day simple moving average of $289.57.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.54 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica 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.