Lululemon Athletica inc. (LULU) Stake Lessened by Sei Investments Co.

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Sei Investments Co. lessened its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 38.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,445 shares of the apparel retailer’s stock after selling 18,473 shares during the quarter. Sei Investments Co.’s holdings in Lululemon Athletica were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Lululemon Athletica by 2.7% in the 1st quarter. BlackRock Inc. now owns 5,055,938 shares of the apparel retailer’s stock worth $450,584,000 after purchasing an additional 135,308 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of Lululemon Athletica by 4.8% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,004,622 shares of the apparel retailer’s stock worth $78,953,000 after purchasing an additional 45,572 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lululemon Athletica by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 976,136 shares of the apparel retailer’s stock worth $76,672,000 after purchasing an additional 6,483 shares during the last quarter. Millennium Management LLC raised its position in Lululemon Athletica by 340.6% in the 4th quarter. Millennium Management LLC now owns 855,796 shares of the apparel retailer’s stock worth $67,257,000 after buying an additional 661,547 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Lululemon Athletica by 129.5% in the 1st quarter. Neuberger Berman Group LLC now owns 756,063 shares of the apparel retailer’s stock worth $67,380,000 after buying an additional 426,629 shares during the last quarter. 81.75% of the stock is owned by hedge funds and other institutional investors.

In other Lululemon Athletica news, Director David M. Mussafer sold 17,935 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total value of $2,170,135.00. Following the completion of the transaction, the director now directly owns 18,202 shares in the company, valued at approximately $2,202,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder International Corp/Ma Advent sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total value of $1,210,000,000.00. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Shares of Lululemon Athletica opened at $124.18 on Friday, Marketbeat Ratings reports. The company has a market cap of $17.33 billion, a P/E ratio of 45.13, a P/E/G ratio of 2.96 and a beta of 0.15. Lululemon Athletica inc. has a 12-month low of $54.09 and a 12-month high of $129.79.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.06. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $912.41 million. Lululemon Athletica had a return on equity of 25.46% and a net margin of 10.89%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. research analysts predict that Lululemon Athletica inc. will post 3.21 earnings per share for the current year.

LULU has been the subject of a number of recent analyst reports. Bank of America boosted their target price on Lululemon Athletica from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, March 28th. BidaskClub raised Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. Barclays boosted their target price on Lululemon Athletica from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 28th. Credit Suisse Group boosted their target price on Lululemon Athletica from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 28th. Finally, Morgan Stanley boosted their target price on Lululemon Athletica from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 10th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $102.53.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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