Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,594 shares of the apparel retailer's stock after selling 2,465 shares during the quarter. Entropy Technologies LP's holdings in Lululemon Athletica were worth $2,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd increased its holdings in shares of Lululemon Athletica by 19,890.3% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after acquiring an additional 894,531 shares during the period. River Road Asset Management LLC acquired a new position in Lululemon Athletica during the third quarter worth $79,503,000. Marshall Wace LLP boosted its position in Lululemon Athletica by 359.4% during the second quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer's stock worth $61,084,000 after purchasing an additional 283,344 shares in the last quarter. Finally, Swedbank AB grew its holdings in Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer's stock valued at $99,744,000 after purchasing an additional 221,112 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LULU. The Goldman Sachs Group lowered shares of Lululemon Athletica from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. TD Cowen lowered their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Bank of America reduced their price objective on Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Finally, KeyCorp dropped their price objective on Lululemon Athletica from $415.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica Price Performance

Shares of LULU stock traded up $8.28 on Wednesday, hitting $329.18. 1,258,132 shares of the stock traded hands, compared to its average volume of 2,098,756. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The company's fifty day moving average is $282.04 and its 200 day moving average is $290.16. The company has a market capitalization of $40.42 billion, a PE ratio of 25.67, a PEG ratio of 2.33 and a beta of 1.24.

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

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Nicole Neuburger sold 486 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.48% of the company's stock.

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.