Bulltick Wealth Management LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 53.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,235 shares of the apparel retailer's stock after selling 1,435 shares during the period. Bulltick Wealth Management LLC's holdings in Lululemon Athletica were worth $472,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. boosted its stake in shares of Lululemon Athletica by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 58,779 shares of the apparel retailer's stock valued at $22,478,000 after purchasing an additional 1,688 shares in the last quarter. Bayesian Capital Management LP boosted its position in Lululemon Athletica by 379.0% during the 4th quarter. Bayesian Capital Management LP now owns 11,602 shares of the apparel retailer's stock valued at $4,437,000 after acquiring an additional 9,180 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Lululemon Athletica by 14.6% during the 4th quarter. Benjamin Edwards Inc. now owns 5,319 shares of the apparel retailer's stock worth $2,034,000 after acquiring an additional 677 shares during the period. Ameriprise Financial Inc. raised its position in shares of Lululemon Athletica by 128.2% in the 4th quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock worth $270,223,000 after acquiring an additional 396,732 shares in the last quarter. Finally, Alpha Family Trust purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $218,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
Lululemon Athletica Trading Down 0.9 %
Lululemon Athletica stock traded down $2.54 during midday trading on Friday, hitting $279.89. The stock had a trading volume of 1,679,982 shares, compared to its average volume of 2,226,906. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The company has a market capitalization of $33.77 billion, a PE ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 1.30. The firm's fifty day moving average is $288.50 and its two-hundred day moving average is $337.17.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $5.29 EPS. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.
Analyst Ratings Changes
LULU has been the subject of a number of recent research reports. Bank of America lowered their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Needham & Company LLC cut their price target on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Evercore ISI lifted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley reduced their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, Stifel Nicolaus dropped their price target on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target of $369.86.
View Our Latest Research Report on Lululemon Athletica
Lululemon Athletica Company Profile
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Free Report)
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.
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