Penserra Capital Management LLC Sells 1,830 Shares of Lululemon Athletica inc. (LULU)

Penserra Capital Management LLC reduced its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,153 shares of the apparel retailer’s stock after selling 1,830 shares during the period. Penserra Capital Management LLC’s holdings in Lululemon Athletica were worth $11,723,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $130,000. Parallel Advisors LLC lifted its holdings in Lululemon Athletica by 230.4% in the third quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after acquiring an additional 666 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in Lululemon Athletica in the third quarter valued at approximately $161,000. Synovus Financial Corp acquired a new position in Lululemon Athletica in the second quarter valued at approximately $127,000. Finally, Global Trust Asset Management LLC acquired a new position in Lululemon Athletica in the third quarter valued at approximately $179,000. Institutional investors and hedge funds own 79.55% of the company’s stock.

NASDAQ:LULU opened at $142.27 on Friday. Lululemon Athletica inc. has a 52 week low of $61.25 and a 52 week high of $164.79. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.05 and a beta of 0.38.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.22. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The company had revenue of $723.50 million for the quarter, compared to analysts’ expectations of $669.14 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts predict that Lululemon Athletica inc. will post 3.58 EPS for the current fiscal year.

A number of research analysts recently commented on LULU shares. Citigroup upped their price objective on Lululemon Athletica from $112.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, July 12th. BidaskClub cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. ValuEngine cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Finally, B. Riley upped their price objective on Lululemon Athletica from $112.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $154.36.

TRADEMARK VIOLATION WARNING: This piece was originally published by WKRB News and is owned by of WKRB News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.wkrb13.com/2018/11/10/penserra-capital-management-llc-sells-1830-shares-of-lululemon-athletica-inc-lulu.html.

Lululemon Athletica Profile

lululemon athletica inc., an athletic apparel company, 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.

Featured Story: Risk Tolerance

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica inc. (NASDAQ:LULU).

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply