Geneva Capital Management LLC Sells 14,433 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Geneva Capital Management LLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 45.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,130 shares of the apparel retailer's stock after selling 14,433 shares during the quarter. Geneva Capital Management LLC's holdings in Lululemon Athletica were worth $4,648,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in Lululemon Athletica by 11.3% in the 3rd quarter. Victory Capital Management Inc. now owns 103,577 shares of the apparel retailer's stock valued at $28,106,000 after purchasing an additional 10,499 shares during the period. Prime Capital Investment Advisors LLC grew its stake in Lululemon Athletica by 88.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 6,840 shares of the apparel retailer's stock valued at $1,856,000 after purchasing an additional 3,212 shares during the period. Winslow Asset Management Inc. grew its stake in Lululemon Athletica by 1.2% in the 3rd quarter. Winslow Asset Management Inc. now owns 51,488 shares of the apparel retailer's stock valued at $13,971,000 after purchasing an additional 598 shares during the period. Rakuten Securities Inc. grew its stake in Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer's stock valued at $549,000 after purchasing an additional 1,815 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock valued at $1,844,000 after purchasing an additional 4,564 shares during the period. Institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Lululemon Athletica from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Guggenheim cut their price target on Lululemon Athletica from $525.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Raymond James cut their price target on Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating for the company in a research note on Monday, September 2nd. Sanford C. Bernstein cut their price target on Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating for the company in a research note on Friday, August 30th. Finally, KeyCorp cut their price target on Lululemon Athletica from $415.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. Two research 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.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus target price of $357.13.

Lululemon Athletica Stock Performance

LULU traded up $12.56 on Wednesday, hitting $333.46. 1,128,291 shares of the company were exchanged, compared to its average volume of 2,098,166. The firm has a fifty day simple moving average of $282.04 and a two-hundred day simple moving average of $290.16. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market capitalization of $40.94 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

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

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lululemon Athletica 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 transaction of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price 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 in the company, valued at $23,379,720. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

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.