Vontobel Holding Ltd. Sells 3,937 Shares of lululemon athletica inc. (NASDAQ:LULU)

Vontobel Holding Ltd. trimmed its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 36,027 shares of the apparel retailer's stock after selling 3,937 shares during the period. Vontobel Holding Ltd.'s holdings in lululemon athletica were worth $10,198,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in lululemon athletica by 95.7% during the 4th 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 last quarter. Alliancebernstein L.P. lifted its stake in shares of lululemon athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of lululemon athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after buying an additional 10,461 shares during the last quarter. Capital World Investors grew its holdings 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 valued at $827,338,000 after buying an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of lululemon athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after acquiring an additional 421,890 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on LULU shares. Argus downgraded lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Evercore ISI increased their price objective on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Morgan Stanley reiterated an "equal weight" rating and issued a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Citigroup lowered their target price on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Finally, Stifel Nicolaus dropped their price target on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

Insider Activity

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 transaction 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 approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

Shares of lululemon athletica stock traded up $1.41 during trading hours on Thursday, hitting $247.71. The company's stock had a trading volume of 1,646,311 shares, compared to its average volume of 2,317,515. The company has a market cap of $29.69 billion, a PE ratio of 16.78, a PEG ratio of 2.08 and a beta of 1.17. The business has a 50 day moving average price of $278.46 and a two-hundred day moving average price of $324.17. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (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 the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $2.54 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts anticipate 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.