Lmcg Investments LLC Sells 4,916 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Lmcg Investments LLC reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 26.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,584 shares of the apparel retailer's stock after selling 4,916 shares during the period. Lmcg Investments LLC's holdings in Lululemon Athletica were worth $3,845,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC grew its stake in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after buying an additional 24 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after purchasing an additional 25 shares during the period. Dnca Finance lifted its holdings in shares of Lululemon Athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after purchasing an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. lifted its holdings in shares of Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after purchasing an additional 30 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LULU has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of Lululemon Athletica from $373.00 to $346.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th. Truist Financial decreased their target price on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Evercore ISI boosted their target price on shares of Lululemon Athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Bank of America decreased their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $367.10.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded down $4.41 on Thursday, reaching $330.78. 5,051,773 shares of the company traded hands, compared to its average volume of 2,161,213. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a 50 day moving average of $285.26 and a 200 day moving average of $337.98. The firm has a market capitalization of $39.90 billion, a PE ratio of 23.88, a PEG ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. During the same quarter in the prior year, the company posted $2.54 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share 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.