Davidson Capital Management Inc. Has $2.32 Million Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Davidson Capital Management Inc. lowered its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 22.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,206 shares of the apparel retailer's stock after selling 2,351 shares during the period. Davidson Capital Management Inc.'s holdings in lululemon athletica were worth $2,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LULU. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. increased its holdings in shares of lululemon athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in lululemon athletica by 37,062.1% in the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after acquiring an additional 561,491 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Price Performance

LULU stock traded down $1.18 during midday trading on Friday, hitting $227.47. The company's stock had a trading volume of 4,892,900 shares, compared to its average volume of 2,255,572. lululemon athletica inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company's fifty day moving average price is $282.39 and its 200 day moving average price is $333.12. The stock has a market capitalization of $27.26 billion, a P/E ratio of 15.41, a PEG ratio of 2.10 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $2.54 EPS. The company's revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. CICC Research reaffirmed a "market perform" rating and issued a $280.49 price objective on shares of lululemon athletica in a research note on Monday, June 9th. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. William Blair reissued an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. Finally, Citigroup reduced their price target on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $340.26.

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.