lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 72.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,068 shares of the apparel retailer's stock after selling 16,267 shares during the quarter. Bessemer Group Inc.'s holdings in lululemon athletica were worth $1,718,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LULU. Brighton Jones LLC acquired a new stake in lululemon athletica during the 4th quarter valued at $429,000. Nwam LLC acquired a new stake in lululemon athletica during the 4th quarter valued at $202,000. Proficio Capital Partners LLC acquired a new stake in lululemon athletica during the 4th quarter valued at $35,389,000. QRG Capital Management Inc. grew its holdings in lululemon athletica by 13.6% during the 4th quarter. QRG Capital Management Inc. now owns 5,076 shares of the apparel retailer's stock valued at $1,941,000 after buying an additional 609 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in lululemon athletica during the 4th quarter valued at $475,000. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Price Performance

NASDAQ:LULU opened at $235.02 on Friday. The business's 50-day moving average is $279.51 and its two-hundred day moving average is $326.78. lululemon athletica inc. has a 12 month low of $219.97 and a 12 month high of $423.32. The firm has a market capitalization of $28.17 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Argus cut lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Wells Fargo & Company reissued an "equal weight" rating on shares of lululemon athletica in a research note on Friday, June 6th. Citigroup reduced their price target on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. CICC Research reissued a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. Finally, Jefferies Financial Group reduced their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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