Waddell & Reed Financial Inc. Sells 88,545 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

Waddell & Reed Financial Inc. cut its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 860,076 shares of the apparel retailer’s stock after selling 88,545 shares during the period. Waddell & Reed Financial Inc. owned 0.66% of Lululemon Athletica worth $154,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 1st quarter worth approximately $25,000. Virtus ETF Advisers LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $27,000. SevenBridge Financial Group LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $35,000. Cordasco Financial Network acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $36,000. Finally, Winslow Evans & Crocker Inc. grew its position in shares of Lululemon Athletica by 2,000.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock worth $38,000 after buying an additional 200 shares during the period. 81.00% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the stock. UBS Group set a $210.00 price target on shares of Lululemon Athletica and gave the stock a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lifted their price target on shares of Lululemon Athletica from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group lifted their price target on shares of Lululemon Athletica from $175.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Citigroup reiterated a “buy” rating on shares of Lululemon Athletica in a research report on Friday, September 6th. Finally, Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, September 5th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Lululemon Athletica presently has an average rating of “Buy” and a consensus target price of $206.14.



In other 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 value of $20,004,048.07. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at $777,295.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $754,760.88. The disclosure for this sale can be found here. Insiders sold 420,548 shares of company stock valued at $79,395,186 in the last quarter. Corporate insiders own 0.34% of the company’s stock.

Shares of Lululemon Athletica stock traded down $0.19 on Tuesday, hitting $194.99. The company had a trading volume of 169,795 shares, compared to its average volume of 2,376,310. The firm has a market capitalization of $24.66 billion, a P/E ratio of 50.48, a P/E/G ratio of 2.20 and a beta of 0.65. Lululemon Athletica inc. has a twelve month low of $110.71 and a twelve month high of $204.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. The stock has a 50-day moving average of $185.79 and a 200-day moving average of $175.67.

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

Lululemon Athletica Company Profile

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.

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

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