Barclays PLC Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Barclays PLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 35.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,055 shares of the apparel retailer's stock after selling 214,614 shares during the period. Barclays PLC owned 0.31% of Lululemon Athletica worth $104,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Peloton Wealth Strategists grew its holdings in Lululemon Athletica by 68.5% in the third quarter. Peloton Wealth Strategists now owns 11,945 shares of the apparel retailer's stock worth $3,241,000 after purchasing an additional 4,856 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Lululemon Athletica during the 3rd quarter worth $28,517,000. Groupama Asset Managment increased its position in Lululemon Athletica by 10.2% during the 3rd quarter. Groupama Asset Managment now owns 7,167 shares of the apparel retailer's stock valued at $1,945,000 after buying an additional 664 shares in the last quarter. Anson Funds Management LP purchased a new stake in Lululemon Athletica in the third quarter valued at about $1,085,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in Lululemon Athletica by 63.6% in the third quarter. Orion Portfolio Solutions LLC now owns 11,107 shares of the apparel retailer's stock worth $3,014,000 after acquiring an additional 4,318 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 2.6 %

NASDAQ:LULU traded down $10.42 during trading hours on Thursday, reaching $389.33. 1,568,120 shares of the company were exchanged, compared to its average volume of 2,125,005. The firm has a market cap of $47.80 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock's 50-day moving average is $313.85 and its 200-day moving average is $290.16.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The company's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.19 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on LULU. Needham & Company LLC reaffirmed a "hold" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Sanford C. Bernstein decreased their price target on shares of Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating for the company in a report on Friday, August 30th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. TD Securities raised their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Finally, Bank of America lowered their price target on Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen 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 target price of $377.63.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the business'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 transaction of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.