lululemon athletica inc. (NASDAQ:LULU) is HS Management Partners LLC's 9th Largest Position

HS Management Partners LLC reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,859 shares of the apparel retailer's stock after selling 29,916 shares during the period. lululemon athletica accounts for about 4.5% of HS Management Partners LLC's portfolio, making the stock its 9th largest holding. HS Management Partners LLC owned approximately 0.16% of lululemon athletica worth $55,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in LULU. Cornerstone Planning Group LLC lifted its holdings in lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in lululemon athletica in the fourth quarter valued at approximately $30,000. Garde Capital Inc. acquired a new position in lululemon athletica in the first quarter valued at approximately $35,000. MV Capital Management Inc. lifted its holdings in lululemon athletica by 66.1% in the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 37 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after acquiring an additional 79 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction that occurred on 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 directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LULU. UBS Group decreased their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Bank of America decreased their price target on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. BMO Capital Markets decreased their price target on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. JPMorgan Chase & Co. decreased their price target on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. Finally, The Goldman Sachs Group decreased their price target on 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 analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Stock Performance

NASDAQ:LULU traded down $3.54 during mid-day trading on Friday, reaching $229.77. The stock had a trading volume of 2,549,354 shares, compared to its average volume of 2,373,318. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.95 and a beta of 1.17. lululemon athletica inc. has a twelve month low of $219.97 and a twelve month high of $423.32. The business has a 50 day simple moving average of $269.27 and a 200 day simple moving average of $311.92.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm earned $2.54 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect 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.