Man Group plc Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Man Group plc cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 84.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,160 shares of the apparel retailer's stock after selling 384,112 shares during the quarter. Man Group plc owned approximately 0.06% of Lululemon Athletica worth $26,830,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Investment Partners Asset Management Inc. bought a new stake in Lululemon Athletica during the 4th quarter valued at about $275,000. Nutshell Asset Management Ltd acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at about $956,000. Lebenthal Global Advisors LLC grew its holdings in Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. grew its holdings in Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after acquiring an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Lululemon Athletica during the fourth quarter worth about $17,775,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LULU shares. Telsey Advisory Group reduced their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Barclays lowered their target price on Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. BTIG Research cut their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. The Goldman Sachs Group lowered their target price on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird dropped their target price on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $368.72.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $2.26 during trading on Monday, hitting $323.70. 1,700,938 shares of the stock traded hands, compared to its average volume of 2,220,628. The company has a fifty day moving average price of $286.02 and a two-hundred day moving average price of $338.11. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market cap of $39.05 billion, a P/E ratio of 23.37, a PEG ratio of 2.22 and a beta of 1.30.

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