Westfield Capital Management Co. LP Lowers Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Westfield Capital Management Co. LP trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 44.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,781 shares of the apparel retailer’s stock after selling 71,518 shares during the period. Westfield Capital Management Co. LP owned about 0.07% of Lululemon Athletica worth $46,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Johnson Financial Group Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $39,000. Nomura Asset Management Co. Ltd. grew its position in Lululemon Athletica by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 64,203 shares of the apparel retailer’s stock valued at $32,826,000 after buying an additional 2,378 shares during the period. Skopos Labs Inc. purchased a new position in Lululemon Athletica in the fourth quarter valued at $295,000. Congress Wealth Management LLC DE raised its position in shares of Lululemon Athletica by 2.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 1,519 shares of the apparel retailer’s stock worth $777,000 after acquiring an additional 30 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Lululemon Athletica by 6.0% during the 4th quarter. Advisory Services Network LLC now owns 5,622 shares of the apparel retailer’s stock worth $2,874,000 after acquiring an additional 319 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

LULU traded up $3.27 during trading hours on Friday, reaching $303.01. The company’s stock had a trading volume of 2,284,014 shares, compared to its average volume of 2,217,502. The stock has a market cap of $38.18 billion, a PE ratio of 24.82, a P/E/G ratio of 1.35 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $295.28 and a fifty-two week high of $516.39. The business’s 50-day moving average is $363.48 and its 200-day moving average is $430.77.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.40 EPS. Analysts expect that Lululemon Athletica Inc. will post 14.11 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

LULU has been the subject of several recent analyst reports. Truist Financial cut their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Oppenheimer reaffirmed an “outperform” rating and set a $445.00 target price (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Stifel Nicolaus reiterated a “buy” rating and set a $539.00 target price (down previously from $596.00) on shares of Lululemon Athletica in a research report on Friday, March 22nd. Guggenheim cut their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, UBS Group decreased their price objective on shares of Lululemon Athletica from $475.00 to $385.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.13.

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.