Wellington Management Group LLP Sells 934 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Wellington Management Group LLP trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,537 shares of the apparel retailer’s stock after selling 934 shares during the quarter. Wellington Management Group LLP’s holdings in Lululemon Athletica were worth $16,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its position in shares of Lululemon Athletica by 63.8% in the 3rd quarter. Quantinno Capital Management LP now owns 9,642 shares of the apparel retailer’s stock worth $2,616,000 after purchasing an additional 3,755 shares during the period. EP Wealth Advisors LLC raised its stake in Lululemon Athletica by 14.6% during the third quarter. EP Wealth Advisors LLC now owns 2,826 shares of the apparel retailer’s stock worth $767,000 after buying an additional 360 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Lululemon Athletica by 63.6% in the third quarter. Orion Portfolio Solutions LLC now owns 11,107 shares of the apparel retailer’s stock valued at $3,014,000 after buying an additional 4,318 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Lululemon Athletica during the third quarter valued at $28,517,000. Finally, Executive Wealth Management LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth about $1,626,000. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LULU has been the subject of several recent analyst reports. Cfra Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Bank of America reduced their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 28th. KeyCorp dropped their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, BMO Capital Markets dropped their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $378.31.

Lululemon Athletica Stock Performance

LULU opened at $247.61 on Wednesday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm has a 50-day moving average of $344.32 and a 200 day moving average of $339.66. The firm has a market cap of $30.15 billion, a P/E ratio of 17.88, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. Lululemon Athletica’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.