Deutsche Bank AG Sells 39,290 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Deutsche Bank AG decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 498,195 shares of the apparel retailer's stock after selling 39,290 shares during the period. Deutsche Bank AG owned approximately 0.41% of Lululemon Athletica worth $190,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after acquiring an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $370,062,000. Alliancebernstein L.P. increased its stake in Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Finally, Capital World Investors raised its holdings in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after buying an additional 556,406 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 2.1%

NASDAQ:LULU traded up $6.41 during mid-day trading on Tuesday, hitting $310.61. 1,642,465 shares of the company's stock traded hands, compared to its average volume of 2,232,114. The firm has a 50 day moving average of $287.59 and a two-hundred day moving average of $337.74. The firm has a market capitalization of $37.47 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The business 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%. Lululemon Athletica's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $5.29 earnings per share. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LULU shares. Evercore ISI increased their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. KeyCorp decreased their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, The Goldman Sachs Group lowered their price objective on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus price target of $368.72.

Lululemon Athletica Company 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.