Massachusetts Financial Services Co. MA Decreases Stock Holdings in Lululemon Athletica inc. (NASDAQ:LULU)

Share on StockTwits

Massachusetts Financial Services Co. MA reduced its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,015,263 shares of the apparel retailer’s stock after selling 83,616 shares during the period. Massachusetts Financial Services Co. MA owned about 0.78% of Lululemon Athletica worth $195,469,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LULU. Next Capital Management LLC lifted its position in Lululemon Athletica by 15.6% in the second quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 59 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Lululemon Athletica by 35.6% in the second quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 68 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 70.0% in the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 70 shares during the last quarter. Advantage Investment Management LLC raised its holdings in shares of Lululemon Athletica by 9.4% in the second quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock valued at $153,000 after buying an additional 73 shares during the last quarter. Finally, West Oak Capital LLC raised its holdings in shares of Lululemon Athletica by 60.0% in the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 75 shares during the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.

LULU traded up $3.00 on Wednesday, hitting $210.81. 71,941 shares of the company were exchanged, compared to its average volume of 2,022,782. Lululemon Athletica inc. has a fifty-two week low of $110.71 and a fifty-two week high of $209.02. The firm has a market capitalization of $26.59 billion, a P/E ratio of 54.88, a price-to-earnings-growth ratio of 2.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The business’s fifty day moving average is $199.45 and its 200 day moving average is $185.79.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company had revenue of $883.35 million for the quarter, compared to the consensus estimate of $845.03 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts forecast that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Lululemon Athletica in a report on Friday, September 6th. B. Riley upped their target price on shares of Lululemon Athletica from $176.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $235.00 target price (up from $198.00) on shares of Lululemon Athletica in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $211.79.

In related news, Director Dennis J. Wilson sold 99,133 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis J. Wilson sold 110,629 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders sold 420,548 shares of company stock worth $79,395,186 in the last ninety days. Insiders own 0.34% of the company’s stock.

About Lululemon Athletica

lululemon athletica inc., 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.

Further Reading: The four types of profit margin

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.