Bank of New York Mellon Corp Has $369.12 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Bank of New York Mellon Corp lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 965,233 shares of the apparel retailer’s stock after selling 32,890 shares during the period. Bank of New York Mellon Corp owned about 0.79% of Lululemon Athletica worth $369,115,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LULU. Beacon Capital Management LLC raised its stake in shares of Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after buying an additional 28 shares during the last quarter. Mather Group LLC. lifted its stake in Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after acquiring an additional 31 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in Lululemon Athletica by 53.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LULU shares. Barclays increased their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. TD Securities increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Trading Down 0.3 %

Shares of NASDAQ:LULU opened at $365.79 on Thursday. The company has a 50 day moving average of $387.32 and a 200 day moving average of $327.92. The stock has a market cap of $44.55 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica 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.