180 Wealth Advisors LLC Has $1.02 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

180 Wealth Advisors LLC lessened its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 36.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,596 shares of the apparel retailer's stock after selling 2,084 shares during the quarter. 180 Wealth Advisors LLC's holdings in Lululemon Athletica were worth $1,018,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth about $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $32,000. Finally, Asset Planning Inc purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $33,000. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on LULU. UBS Group decreased their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Morgan Stanley decreased their price objective on shares of Lululemon Athletica from $373.00 to $346.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Robert W. Baird cut their price target on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, BMO Capital Markets reduced their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $367.10.

Lululemon Athletica Stock Up 3.7%

LULU stock traded up $11.96 during mid-day trading on Tuesday, reaching $334.91. 3,244,804 shares of the stock traded hands, compared to its average volume of 2,164,975. The firm has a market capitalization of $40.40 billion, a PE ratio of 24.18, a P/E/G ratio of 2.22 and a beta of 1.30. The business has a 50-day moving average of $284.55 and a two-hundred day moving average of $338.02. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $5.29 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS 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.