Vontobel Holding Ltd. Has $14.52 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Vontobel Holding Ltd. lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,394 shares of the apparel retailer’s stock after selling 5,249 shares during the quarter. Vontobel Holding Ltd.’s holdings in Lululemon Athletica were worth $14,518,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lululemon Athletica by 0.5% in the third quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock valued at $2,824,150,000 after acquiring an additional 38,432 shares during the last quarter. State Street Corp lifted its stake in Lululemon Athletica by 0.7% in the first quarter. State Street Corp now owns 2,633,648 shares of the apparel retailer’s stock valued at $959,144,000 after acquiring an additional 18,147 shares during the last quarter. Morgan Stanley lifted its stake in Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after acquiring an additional 437,069 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Lululemon Athletica by 3.2% in the first quarter. Geode Capital Management LLC now owns 1,659,260 shares of the apparel retailer’s stock valued at $603,418,000 after purchasing an additional 51,572 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $334.76 on Tuesday. The firm’s fifty day moving average is $429.56 and its 200-day moving average is $440.25. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The firm has a market cap of $42.18 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.19 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the firm posted $4.40 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Activity

In related news, Director Martha A. M. Morfitt bought 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LULU. KeyCorp dropped their price objective on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group lowered their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research report on Thursday, April 4th. Evercore ISI lowered their price target on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $550.00 price target on shares of Lululemon Athletica in a research report on Friday, March 22nd. Finally, Guggenheim lowered their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $485.39.

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.