Kornitzer Capital Management Inc. KS Sells 10,172 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 32.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,511 shares of the apparel retailer’s stock after selling 10,172 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Lululemon Athletica were worth $10,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greenleaf Trust boosted its position in shares of Lululemon Athletica by 17.6% during the 4th quarter. Greenleaf Trust now owns 2,321 shares of the apparel retailer’s stock valued at $1,187,000 after purchasing an additional 347 shares in the last quarter. Martin Capital Advisors LLP boosted its position in shares of Lululemon Athletica by 2.0% during the 4th quarter. Martin Capital Advisors LLP now owns 2,358 shares of the apparel retailer’s stock valued at $1,206,000 after purchasing an additional 46 shares in the last quarter. Lafayette Investments Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $211,000. Western Wealth Management LLC raised its stake in Lululemon Athletica by 6.4% during the 4th quarter. Western Wealth Management LLC now owns 986 shares of the apparel retailer’s stock worth $504,000 after buying an additional 59 shares during the period. Finally, Xponance Inc. raised its stake in Lululemon Athletica by 62.6% during the 4th quarter. Xponance Inc. now owns 26,249 shares of the apparel retailer’s stock worth $13,421,000 after buying an additional 10,110 shares during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $4.96 during trading hours on Friday, reaching $352.47. The company had a trading volume of 2,470,408 shares, compared to its average volume of 3,139,792. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The business has a fifty day simple moving average of $420.09 and a 200 day simple moving average of $438.41. The firm has a market cap of $44.41 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the company earned $4.40 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $550.00 price target on shares of Lululemon Athletica in a research note on Friday, March 22nd. Morgan Stanley dropped their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Sanford C. Bernstein upped their price target on Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Evercore ISI dropped their price target on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Needham & Company LLC lowered their price objective on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $483.61.

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.