Fmr LLC Has $2.90 Billion Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Fmr LLC decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 40.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,687,872 shares of the apparel retailer’s stock after selling 7,213,943 shares during the period. Fmr LLC owned 8.70% of Lululemon Athletica worth $2,900,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Rockline Wealth Management LLC lifted its holdings in shares of Lululemon Athletica by 1.3% during the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock worth $990,000 after buying an additional 43 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares during the period. Beacon Capital Management LLC grew its stake in shares of Lululemon Athletica by 31.1% in the first quarter. Beacon Capital Management LLC now owns 194 shares of the apparel retailer’s stock worth $76,000 after acquiring an additional 46 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its position in Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 46 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

LULU opened at $326.72 on Tuesday. The stock has a market capitalization of $40.11 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.31 and a beta of 1.24. The company’s 50 day simple moving average is $293.06 and its 200-day simple moving average is $287.86. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.68 EPS. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LULU shares. Barclays reduced their price target on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Raymond James lowered their price target on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. TD Cowen reduced their price objective on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Morgan Stanley lowered their price objective on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Lululemon Athletica in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

Lululemon Athletica Company 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.