Massachusetts Financial Services Co. MA Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Massachusetts Financial Services Co. MA trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,056,787 shares of the apparel retailer's stock after selling 7,574 shares during the period. Massachusetts Financial Services Co. MA owned 0.84% of Lululemon Athletica worth $540,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LULU. International Assets Investment Management LLC raised its stake in Lululemon Athletica by 51,219.6% during the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer's stock worth $351,868,000 after purchasing an additional 686,855 shares during the period. Morgan Stanley increased its stake in Lululemon Athletica by 29.2% during the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer's stock worth $746,034,000 after acquiring an additional 437,069 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Lululemon Athletica by 20.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer's stock valued at $719,198,000 after purchasing an additional 310,347 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lululemon Athletica by 61.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,391 shares of the apparel retailer's stock worth $334,072,000 after purchasing an additional 249,232 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth approximately $71,483,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU stock traded down $5.80 during trading hours on Monday, reaching $347.16. The stock had a trading volume of 1,481,413 shares, compared to its average volume of 1,733,977. The firm has a market capitalization of $43.75 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. The firm has a 50-day simple moving average of $389.77 and a 200-day simple moving average of $436.03. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica's revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.40 earnings per share. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on LULU. Jefferies Financial Group decreased their price objective on shares of Lululemon Athletica from $300.00 to $240.00 and set an "underperform" rating for the company in a research note on Thursday, April 4th. KeyCorp cut their price objective on Lululemon Athletica from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Friday, March 22nd. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Citigroup lowered their target price on Lululemon Athletica from $520.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Finally, Wedbush reduced their price target on Lululemon Athletica from $548.00 to $492.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $474.79.

Insider Activity

In related news, Director Martha A. M. Morfitt purchased 700 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares of the company's stock, valued at $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

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.

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