Stevens Capital Management LP Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Stevens Capital Management LP reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 61.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 568 shares of the apparel retailer's stock after selling 913 shares during the quarter. Stevens Capital Management LP's holdings in Lululemon Athletica were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LULU. LPL Financial LLC lifted its holdings in shares of Lululemon Athletica by 20.6% during the 4th quarter. LPL Financial LLC now owns 129,003 shares of the apparel retailer's stock valued at $49,332,000 after purchasing an additional 22,077 shares in the last quarter. Fortis Capital Management LLC bought a new position in Lululemon Athletica in the fourth quarter valued at approximately $241,000. KLP Kapitalforvaltning AS acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $14,838,000. Sei Investments Co. increased its position in shares of Lululemon Athletica by 53.8% during the fourth quarter. Sei Investments Co. now owns 115,211 shares of the apparel retailer's stock worth $44,053,000 after acquiring an additional 40,294 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Lululemon Athletica by 43.6% during the fourth quarter. Mizuho Securities USA LLC now owns 10,706 shares of the apparel retailer's stock worth $4,094,000 after acquiring an additional 3,249 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 research reports. Stifel Nicolaus reiterated a "buy" rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Morgan Stanley decreased their target price on shares of Lululemon Athletica from $420.00 to $411.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. Jefferies Financial Group reissued an "underperform" rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Raymond James reiterated an "outperform" rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $397.10.

Remove Ads

Lululemon Athletica Stock Up 0.7 %

NASDAQ LULU traded up $2.39 on Tuesday, reaching $337.35. The company had a trading volume of 2,039,602 shares, compared to its average volume of 2,068,057. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The stock has a market capitalization of $41.08 billion, a P/E ratio of 24.36, a P/E/G ratio of 2.22 and a beta of 1.21. The company's fifty day moving average is $368.64 and its 200 day moving average is $338.07.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by insiders.

About Lululemon Athletica

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.