Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Trimmed by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 564,707 shares of the apparel retailer’s stock after selling 3,050 shares during the quarter. William Blair Investment Management LLC owned 0.44% of Lululemon Athletica worth $213,742,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LULU. SOA Wealth Advisors LLC. acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC purchased a new stake in Lululemon Athletica in the 1st quarter worth about $29,000. Altshuler Shaham Ltd purchased a new stake in Lululemon Athletica in the 2nd quarter worth about $30,000. Manitou Investment Management Ltd. purchased a new stake in Lululemon Athletica in the 1st quarter worth about $31,000. Finally, Arlington Partners LLC lifted its stake in Lululemon Athletica by 225.0% in the 2nd quarter. Arlington Partners LLC now owns 91 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 91.50% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded up $3.53 during trading on Monday, hitting $425.97. 294,518 shares of the stock were exchanged, compared to its average volume of 1,743,056. Lululemon Athletica Inc. has a 1-year low of $286.58 and a 1-year high of $437.05. The company has a market capitalization of $54.13 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.34. The company’s fifty day simple moving average is $393.67 and its 200-day simple moving average is $381.37.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. Lululemon Athletica had a return on equity of 44.47% and a net margin of 11.40%. Lululemon Athletica’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 12.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michelle Sun Choe sold 27,981 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $401.00, for a total value of $11,220,381.00. Following the completion of the sale, the insider now directly owns 3,892 shares of the company’s stock, valued at approximately $1,560,692. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LULU shares. Barclays increased their price objective on Lululemon Athletica from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $450.00 price objective on shares of Lululemon Athletica in a research note on Thursday, September 21st. HSBC initiated coverage on Lululemon Athletica in a research note on Monday, September 18th. They set a “buy” rating and a $500.00 price target for the company. Robert W. Baird raised their price target on Lululemon Athletica from $430.00 to $455.00 in a research note on Friday, September 1st. Finally, UBS Group raised their price target on Lululemon Athletica from $407.00 to $429.00 in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $445.94.

Lululemon Athletica Company 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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.