Wellington Management Group LLP Lowers Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Wellington Management Group LLP lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 89.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,471 shares of the apparel retailer's stock after selling 381,677 shares during the period. Wellington Management Group LLP's holdings in Lululemon Athletica were worth $11,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings 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 purchasing an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 65 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth $33,000. Finally, HHM Wealth Advisors LLC raised its stake in Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on LULU. Sanford C. Bernstein reduced their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating on the stock in a research note on Friday, August 30th. Barclays increased their price target on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. BMO Capital Markets upped their target price on Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Raymond James lifted their price target on Lululemon Athletica from $320.00 to $355.00 in a research note on Thursday, December 5th. Finally, Oppenheimer lowered their price target on Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $377.63.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction 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 $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of the company'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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Trading Down 0.5 %

LULU stock traded down $1.89 during midday trading on Monday, hitting $389.74. The stock had a trading volume of 1,493,730 shares, compared to its average volume of 2,119,593. The business has a fifty day moving average price of $321.16 and a two-hundred day moving average price of $292.00. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm has a market cap of $47.85 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23.

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. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

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.