Lululemon Athletica Inc. (NASDAQ:LULU) Stake Cut by Jag Capital Management LLC

Jag Capital Management LLC lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 35.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,599 shares of the apparel retailer’s stock after selling 20,479 shares during the quarter. Lululemon Athletica makes up about 2.9% of Jag Capital Management LLC’s holdings, making the stock its 10th biggest position. Jag Capital Management LLC’s holdings in Lululemon Athletica were worth $18,713,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of LULU. Valley National Advisers Inc. raised its holdings in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $27,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth $31,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on LULU shares. Robert W. Baird dropped their price objective on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a report on Friday, April 19th. BTIG Research assumed coverage on Lululemon Athletica in a report on Wednesday, May 8th. They set a “buy” rating and a $425.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and issued a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. BMO Capital Markets increased their price target on Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Jefferies Financial Group lowered their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $474.79.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded down $3.23 on Friday, hitting $335.05. The company had a trading volume of 2,082,537 shares, compared to its average volume of 1,743,736. The business has a 50-day simple moving average of $381.41 and a 200-day simple moving average of $434.21. The company has a market cap of $42.22 billion, a PE ratio of 27.66, a PEG ratio of 1.23 and a beta of 1.30. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.00 by $0.29. The business 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 was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $4.40 earnings per share. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share 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.