Handelsbanken Fonder AB Decreases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Handelsbanken Fonder AB decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,184 shares of the apparel retailer’s stock after selling 8,767 shares during the quarter. Handelsbanken Fonder AB’s holdings in Lululemon Athletica were worth $23,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Lululemon Athletica in the third quarter worth $93,476,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Lululemon Athletica during the third quarter valued at $81,405,000. Finally, River Road Asset Management LLC bought a new stake in Lululemon Athletica in the 3rd quarter worth about $79,503,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 0.4 %

NASDAQ:LULU opened at $365.82 on Friday. The stock has a market cap of $44.55 billion, a PE ratio of 26.41, a P/E/G ratio of 2.26 and a beta of 1.19. The business’s 50-day simple moving average is $389.00 and its two-hundred day simple moving average is $323.73. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LULU. Evercore ISI upped their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Raymond James restated an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Robert W. Baird lifted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, UBS Group lifted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $399.14.

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.