First Hawaiian Bank Takes $806,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

First Hawaiian Bank bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,849 shares of the apparel retailer's stock, valued at approximately $806,000.

Several other large investors have also recently modified their holdings of the stock. TCTC Holdings LLC bought a new position in Lululemon Athletica in the 4th quarter valued at $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica in the 4th quarter valued at $30,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the 4th quarter valued at $32,000. Finally, Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the 4th quarter worth $33,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded up $3.66 during midday trading on Wednesday, hitting $338.57. 1,129,039 shares of the company were exchanged, compared to its average volume of 2,161,525. The firm has a market capitalization of $40.84 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The business has a fifty day simple moving average of $284.42 and a two-hundred day simple moving average of $338.00.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company earned $5.29 earnings per share. Lululemon Athletica's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets lowered their target price 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. The Goldman Sachs Group decreased their price objective on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Bank of America decreased their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, BTIG Research decreased their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average price target of $367.10.

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.