Lmcg Investments LLC Has $7.08 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Lmcg Investments LLC decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,500 shares of the apparel retailer's stock after selling 713 shares during the period. Lmcg Investments LLC's holdings in Lululemon Athletica were worth $7,075,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Legal & General Group Plc raised its holdings in Lululemon Athletica by 3.7% in the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock valued at $310,763,000 after acquiring an additional 37,239 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after acquiring an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock worth $190,567,000 after acquiring an additional 19,808 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its stake in shares of Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after purchasing an additional 185,440 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a report on Friday, December 6th. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. TD Cowen boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $390.33.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the 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 represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $0.89 on Tuesday, reaching $372.81. 2,113,912 shares of the company traded hands, compared to its average volume of 1,694,210. The stock has a market capitalization of $45.40 billion, a PE ratio of 26.92, a P/E/G ratio of 2.44 and a beta of 1.18. The company's 50 day moving average is $363.72 and its 200-day moving average is $305.10. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

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, beating analysts' consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion during 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%. Lululemon Athletica's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $2.53 EPS. As a group, analysts expect that Lululemon Athletica Inc. will post 14.33 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.