Candriam S.C.A. Cuts Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Candriam S.C.A. cut its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,035 shares of the apparel retailer's stock after selling 16,424 shares during the period. Candriam S.C.A. owned 0.07% of Lululemon Athletica worth $33,665,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LULU. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $32,000. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Asset Planning Inc acquired a new position in Lululemon Athletica during the 4th quarter valued at about $33,000. Finally, Golden State Wealth Management LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $36,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on LULU. TD Securities lifted their price target on Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Raymond James reiterated an "outperform" rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Jefferies Financial Group reiterated an "underperform" rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Finally, Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $399.14.

Lululemon Athletica Trading Down 1.0 %

Shares of LULU traded down $3.58 during mid-day trading on Friday, reaching $344.36. 1,717,367 shares of the stock traded hands, compared to its average volume of 1,609,106. The firm has a fifty day moving average price of $382.97 and a 200 day moving average price of $333.33. The company has a market cap of $41.94 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.