Montag A & Associates Inc. Lowers Stake in lululemon athletica inc. (NASDAQ:LULU)

Montag A & Associates Inc. trimmed its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 80.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 834 shares of the apparel retailer's stock after selling 3,421 shares during the quarter. Montag A & Associates Inc.'s holdings in lululemon athletica were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after buying an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of lululemon athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of lululemon athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Capital World Investors boosted its holdings in shares of lululemon athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of lululemon athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after purchasing an additional 421,890 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LULU. Jefferies Financial Group cut their price objective on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. Raymond James Financial restated a "market perform" rating and set a $430.00 target price on shares of lululemon athletica in a report on Friday, March 28th. The Goldman Sachs Group dropped their target price on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley restated an "equal weight" rating and set a $280.00 target price (down from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Finally, BTIG Research dropped their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $337.53.

lululemon athletica Stock Performance

LULU stock traded up $0.72 during midday trading on Tuesday, reaching $223.93. 3,303,906 shares of the company traded hands, compared to its average volume of 2,383,171. lululemon athletica inc. has a 52-week low of $216.81 and a 52-week high of $423.32. The business has a 50 day moving average of $269.27 and a 200-day moving average of $311.00. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.89 and a beta of 1.17.

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

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.