Mutual of America Capital Management LLC Sells 630 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mutual of America Capital Management LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,540 shares of the apparel retailer’s stock after selling 630 shares during the period. Mutual of America Capital Management LLC’s holdings in Lululemon Athletica were worth $5,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LULU. Maverick Capital Ltd. acquired a new position in Lululemon Athletica during the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $81,405,000. River Road Asset Management LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $79,503,000. Finally, Los Angeles Capital Management LLC grew its holdings in Lululemon Athletica by 248.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after buying an additional 230,349 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LULU has been the topic of several recent analyst reports. TD Securities raised their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group raised their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley upped their target price on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $345.29 on Wednesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The firm has a market capitalization of $42.05 billion, a P/E ratio of 24.93, a PEG ratio of 2.22 and a beta of 1.19. The business has a fifty day moving average price of $385.29 and a 200-day moving average price of $331.52.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, 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 value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The stock was 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 approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.