HS Management Partners LLC Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

HS Management Partners LLC trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,775 shares of the apparel retailer's stock after selling 86,765 shares during the quarter. Lululemon Athletica makes up 5.9% of HS Management Partners LLC's holdings, making the stock its 3rd largest position. HS Management Partners LLC owned about 0.18% of Lululemon Athletica worth $85,956,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Maverick Capital Ltd. bought a new stake in Lululemon Athletica in the 3rd quarter valued at $93,476,000. The Manufacturers Life Insurance Company increased its holdings in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock valued at $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Lululemon Athletica in the third quarter valued at about $81,405,000. Los Angeles Capital Management LLC raised its position in shares of Lululemon Athletica by 248.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer's stock valued at $123,530,000 after purchasing an additional 230,349 shares during the period. Finally, Swedbank AB lifted its stake in shares of Lululemon Athletica by 151.0% during the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer's stock worth $99,744,000 after buying an additional 221,112 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 6,198 shares of the company's stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Barclays increased their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Raymond James restated an "outperform" rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Finally, Robert W. Baird lifted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price of $399.14.

Lululemon Athletica Stock Down 1.0 %

LULU traded down $3.58 during 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 stock's 50-day moving average is $382.97 and its 200 day moving average is $333.33. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a market capitalization of $41.94 billion, a PE ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.53 EPS. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.