LGT Capital Partners LTD. Decreases Stake in lululemon athletica inc. (NASDAQ:LULU)

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 stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,629 shares of the apparel retailer's stock after selling 19,635 shares during the period. lululemon athletica makes up 2.4% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 15th largest holding. LGT Capital Partners LTD. owned 0.16% of lululemon athletica worth $53,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in lululemon athletica by 95.7% in the fourth 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 holdings 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 purchasing an additional 561,491 shares during the period. Capital World Investors grew its position in shares of lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of lululemon athletica by 128.2% during the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock worth $270,223,000 after acquiring an additional 396,732 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in lululemon athletica by 9,067.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock valued at $114,246,000 after buying an additional 295,493 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Down 0.2%

LULU traded down $0.31 during trading on Tuesday, reaching $196.14. 575,575 shares of the company were exchanged, compared to its average volume of 2,588,734. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.65 and a beta of 1.16. The company's 50-day moving average is $246.38 and its two-hundred day moving average is $297.57. lululemon athletica inc. has a 12-month low of $191.44 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced 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 firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company earned $2.54 EPS. The company's revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was 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 of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. CICC Research reissued a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a report on Monday, June 9th. TD Securities increased their price target on lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Wells Fargo & Company reduced their price objective on lululemon athletica from $270.00 to $225.00 and set an "equal weight" rating for the company in a research report on Monday. UBS Group reduced their target price on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Finally, Bank of America cut their price objective on lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a report on Friday, June 6th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $332.02.

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.