lululemon athletica inc. (NASDAQ:LULU) Stock Holdings Decreased by LGT Capital Partners LTD.

Key Points

• LGT Capital Partners LTD. reduced its stake in lululemon athletica by 9.4%, selling 19,635 shares, which accounts for 2.4% of its holdings in the company.
• Multiple research firms have lowered their price targets on lululemon athletica, with Bank of America reducing its target from $400 to $370 while maintaining a "buy" rating.
• CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica at an average price of $235.69, decreasing his ownership by 19.66%.

LGT Capital Partners LTD. decreased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,629 shares of the apparel retailer's stock after selling 19,635 shares during the period. lululemon athletica makes up about 2.4% of LGT Capital Partners LTD.'s portfolio, making the stock its 15th biggest holding. LGT Capital Partners LTD. owned about 0.16% of lululemon athletica worth $53,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC purchased a new stake in lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its holdings in lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after buying an additional 81 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in lululemon athletica in the 4th quarter worth about $30,000. Garde Capital Inc. acquired a new stake in lululemon athletica in the 1st quarter worth about $35,000. Finally, CENTRAL TRUST Co boosted its holdings in lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

lululemon athletica stock traded down $4.76 during trading on Thursday, reaching $191.75. 1,028,326 shares of the company's stock were exchanged, compared to its average volume of 2,591,005. The company's 50-day moving average is $241.47 and its two-hundred day moving average is $296.17. lululemon athletica inc. has a 52-week low of $191.33 and a 52-week high of $423.32. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.66 and a beta of 1.16.

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

Analysts Set New Price Targets

LULU has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Jefferies Financial Group lowered their target price on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a report on Friday, June 6th. CICC Research restated a "market perform" rating and set a $280.49 target price on shares of lululemon athletica in a report on Monday, June 9th. BTIG Research lowered their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered lululemon athletica from an "overweight" rating to a "neutral" rating and cut their target price for the company from $303.00 to $224.00 in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $329.91.

Insiders Place Their Bets

In other lululemon athletica 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 transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

About lululemon athletica

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.