Nomura Asset Management Co. Ltd. Trims Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Nomura Asset Management Co. Ltd. trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 6.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 76,643 shares of the apparel retailer's stock after selling 5,375 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Lululemon Athletica worth $20,797,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in LULU. Larson Financial Group LLC boosted its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the 3rd quarter valued at about $29,000. Ridgewood Investments LLC purchased a new position in Lululemon Athletica during the 2nd quarter valued at about $33,000. HHM Wealth Advisors LLC grew its position in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU stock traded up $2.65 during mid-day trading on Wednesday, hitting $399.75. The stock had a trading volume of 1,358,934 shares, compared to its average volume of 2,127,332. The firm has a market cap of $49.08 billion, a PE ratio of 28.91, a PEG ratio of 2.87 and a beta of 1.23. The company's 50-day simple moving average is $311.07 and its 200-day simple moving average is $289.39. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $2.53 earnings per share. The firm's revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Lululemon Athletica Inc. will post 14.19 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business's 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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % 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 firm's stock in a transaction 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 transaction, the insider now 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. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Raymond James upped their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Bank of America lowered their target price on Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Truist Financial upped their price target on Lululemon Athletica from $360.00 to $420.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Lululemon Athletica from $338.00 to $425.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Two equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $377.63.

Lululemon Athletica 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.