Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Reduced by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,038 shares of the apparel retailer’s stock after selling 32 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Lululemon Athletica were worth $531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Lululemon Athletica by 51,219.6% in the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after buying an additional 686,855 shares during the last quarter. Morgan Stanley lifted its position in shares of Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after buying an additional 437,069 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after buying an additional 310,347 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Lululemon Athletica in the third quarter worth about $71,483,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Lululemon Athletica by 34.5% in the third quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock worth $257,627,000 after buying an additional 171,227 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several research analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 22nd. Sanford C. Bernstein cut their price objective on Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Needham & Company LLC cut their price target on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Barclays cut Lululemon Athletica from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $546.00 to $395.00 in a report on Monday, April 29th. Finally, Wells Fargo & Company cut their price target on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $476.57.

Lululemon Athletica Price Performance

Shares of LULU stock traded down $4.11 during trading hours on Monday, reaching $351.04. 731,819 shares of the company were exchanged, compared to its average volume of 1,743,419. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The company has a market cap of $44.23 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.25 and a beta of 1.30. The stock’s fifty day moving average is $401.25 and its two-hundred day moving average is $437.74.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.40 EPS. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insiders Place Their Bets

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

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.