Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,087 shares of the apparel retailer's stock after selling 2,871 shares during the quarter. Comerica Bank's holdings in Lululemon Athletica were worth $8,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Lululemon Athletica by 75.8% in the fourth quarter. AQR Capital Management LLC now owns 142,583 shares of the apparel retailer's stock valued at $54,496,000 after purchasing an additional 61,460 shares during the period. Lido Advisors LLC increased its stake in shares of Lululemon Athletica by 1.9% in the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after acquiring an additional 32 shares during the period. Northern Trust Corp boosted its holdings in Lululemon Athletica by 15.2% in the fourth quarter. Northern Trust Corp now owns 1,143,730 shares of the apparel retailer's stock valued at $437,374,000 after purchasing an additional 151,336 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Lululemon Athletica by 11.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 589,907 shares of the apparel retailer's stock valued at $225,587,000 after buying an additional 60,612 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its stake in shares of Lululemon Athletica by 267.7% in the fourth quarter. Aquatic Capital Management LLC now owns 75,594 shares of the apparel retailer's stock worth $28,908,000 after buying an additional 55,034 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LULU. Oppenheimer raised their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Argus lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Morgan Stanley lowered their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Telsey Advisory Group dropped their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $369.86.

Lululemon Athletica Trading Up 1.8 %

Lululemon Athletica stock traded up $4.91 during trading on Wednesday, hitting $275.71. The company had a trading volume of 1,120,719 shares, compared to its average volume of 2,222,753. The company's 50 day simple moving average is $292.91 and its 200-day simple moving average is $337.83. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (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 return on equity of 42.16% and a net margin of 17.05%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.29 EPS. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.