Wellington Management Group LLP Sells 934 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Wellington Management Group LLP reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,537 shares of the apparel retailer's stock after selling 934 shares during the period. Wellington Management Group LLP's holdings in Lululemon Athletica were worth $16,267,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $30,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica during the 4th quarter valued at about $33,000. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Argus cut shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. BTIG Research dropped their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Citigroup lifted their target price on shares of Lululemon Athletica from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Robert W. Baird dropped their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $367.10.

Lululemon Athletica Trading Up 0.5%

Shares of Lululemon Athletica stock traded up $1.67 during trading on Wednesday, hitting $336.58. The stock had a trading volume of 1,705,690 shares, compared to its average volume of 2,081,615. The firm has a market cap of $40.60 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The business's 50-day moving average is $284.42 and its 200 day moving average is $338.00.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $5.29 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS 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.