Franklin Street Advisors Inc. NC reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,193 shares of the apparel retailer's stock after selling 10,070 shares during the period. Lululemon Athletica makes up about 1.9% of Franklin Street Advisors Inc. NC's holdings, making the stock its 14th biggest holding. Franklin Street Advisors Inc. NC owned approximately 0.08% of Lululemon Athletica worth $26,945,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Lululemon Athletica by 95.7% in the 4th 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. Alliancebernstein L.P. raised its stake in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC raised its stake in Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares during the period. Capital World Investors raised its stake in Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after acquiring an additional 556,406 shares during the period. Finally, Schroder Investment Management Group raised its stake in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after acquiring an additional 421,890 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.
Lululemon Athletica Stock Performance
Shares of NASDAQ:LULU traded down $7.92 during mid-day trading on Friday, hitting $239.11. The stock had a trading volume of 4,511,966 shares, compared to its average volume of 2,219,618. The company has a market cap of $28.66 billion, a PE ratio of 17.26, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The company's 50 day moving average is $284.75 and its 200-day moving average is $335.60.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 EPS. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.
Analysts Set New Price Targets
LULU has been the topic of several research reports. UBS Group dropped their price objective on shares of Lululemon Athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Argus lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Bank of America dropped their price target on shares of Lululemon Athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, Raymond James restated a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average target price of $340.26.
Read Our Latest Analysis on Lululemon Athletica
About Lululemon Athletica
(
Free Report)
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.
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