Envestnet Portfolio Solutions Inc. Has $1.40 Million Holdings in lululemon athletica inc. (NASDAQ:LULU)

Envestnet Portfolio Solutions Inc. lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 69.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,961 shares of the apparel retailer's stock after selling 11,077 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in lululemon athletica were worth $1,404,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LULU. Price T Rowe Associates Inc. MD raised its holdings in lululemon athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $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 lululemon athletica in the fourth quarter worth about $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in lululemon athletica during the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. lifted its holdings in lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after buying an additional 571,657 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after acquiring an additional 561,491 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. CICC Research reiterated a "market perform" rating and set a $280.49 price objective on shares of lululemon athletica in a research note on Monday, June 9th. Telsey Advisory Group restated an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research note on Monday, June 2nd. Stifel Nicolaus dropped their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, KeyCorp reduced their price target on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Trading Up 3.3%

LULU stock traded up $7.40 during midday trading on Tuesday, reaching $232.96. The company had a trading volume of 3,182,658 shares, compared to its average volume of 2,267,298. The company has a 50 day moving average of $281.04 and a two-hundred day moving average of $330.96. The company has a market capitalization of $27.92 billion, a P/E ratio of 15.78, a PEG ratio of 2.09 and a beta of 1.26. lululemon athletica inc. has a 1 year low of $219.97 and a 1 year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the firm earned $2.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current 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.