Wellington Management Group LLP Has $11.80 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Wellington Management Group LLP decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 89.8% during the 3rd quarter, Holdings Channel reports. The firm owned 43,471 shares of the apparel retailer’s stock after selling 381,677 shares during the period. Wellington Management Group LLP’s holdings in Lululemon Athletica were worth $11,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Lululemon Athletica by 7.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,382 shares of the apparel retailer’s stock valued at $3,699,000 after purchasing an additional 886 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Lululemon Athletica by 13.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 55,709 shares of the apparel retailer’s stock valued at $16,640,000 after buying an additional 6,426 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Lululemon Athletica by 217.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 1,966 shares of the apparel retailer’s stock valued at $587,000 after buying an additional 1,347 shares during the last quarter. Summit Global Investments bought a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $1,129,000. Finally, Crescent Grove Advisors LLC increased its holdings in shares of Lululemon Athletica by 16.6% during the 2nd quarter. Crescent Grove Advisors LLC now owns 857 shares of the apparel retailer’s stock worth $256,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $391.63 on Monday. The business has a fifty day moving average price of $318.81 and a two-hundred day moving average price of $291.39. The stock has a market capitalization of $48.08 billion, a PE ratio of 28.28, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company earned $2.53 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LULU shares. TD Cowen cut their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Piper Sandler raised their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Raymond James upped their price target on shares of Lululemon Athletica from $320.00 to $355.00 in a research note on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Finally, Oppenheimer decreased their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $377.63.

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.