Winslow Asset Management Inc. Decreases Stock Position in lululemon athletica inc. (NASDAQ:LULU)

Winslow Asset Management Inc. decreased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,769 shares of the apparel retailer's stock after selling 1,425 shares during the quarter. lululemon athletica makes up 3.0% of Winslow Asset Management Inc.'s investment portfolio, making the stock its 7th largest position. Winslow Asset Management Inc.'s holdings in lululemon athletica were worth $13,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 in the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of lululemon athletica during the 4th quarter valued at about $523,520,000. Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after purchasing an additional 561,491 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of lululemon athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LULU. Robert W. Baird dropped their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Raymond James Financial reissued a "market perform" rating and set a $430.00 price objective on shares of lululemon athletica in a research note on Friday, March 28th. Jefferies Financial Group dropped their price objective on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. Truist Financial dropped their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, Bank of America dropped their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, lululemon athletica has an average rating of "Moderate Buy" and an average target price of $340.26.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 2.9%

LULU stock traded down $6.70 during midday trading on Tuesday, reaching $222.19. 4,761,461 shares of the company's stock traded hands, compared to its average volume of 2,356,737. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32. The stock has a market cap of $26.63 billion, a P/E ratio of 15.05, a PEG ratio of 1.94 and a beta of 1.17. The stock's 50-day moving average is $273.22 and its 200 day moving average is $315.27.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business 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 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal 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.