Lululemon Athletica Inc. (NASDAQ:LULU) Position Decreased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,193 shares of the apparel retailer's stock after selling 10,070 shares during the quarter. Lululemon Athletica comprises approximately 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 reporting period.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $429,000. Bleakley Financial Group LLC raised its holdings in Lululemon Athletica by 9.7% in the fourth quarter. Bleakley Financial Group LLC now owns 1,016 shares of the apparel retailer's stock valued at $389,000 after buying an additional 90 shares during the period. Golden State Wealth Management LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $36,000. Kingsview Wealth Management LLC grew its stake in Lululemon Athletica by 5.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,645 shares of the apparel retailer's stock worth $629,000 after buying an additional 88 shares during the period. Finally, Empowered Funds LLC grew its stake in Lululemon Athletica by 22.3% during the fourth quarter. Empowered Funds LLC now owns 2,123 shares of the apparel retailer's stock worth $812,000 after buying an additional 387 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 1.9%

Lululemon Athletica stock traded down $4.79 during mid-day trading on Thursday, hitting $247.49. 2,231,140 shares of the company's stock traded hands, compared to its average volume of 2,201,529. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a 50 day moving average price of $285.28 and a 200 day moving average price of $336.70. The company has a market cap of $29.86 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays decreased their price target on shares of Lululemon Athletica from $276.00 to $270.00 and set an "equal weight" rating for the company in a research report on Monday. Robert W. Baird decreased their price target on Lululemon Athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Bank of America reduced their price target on Lululemon Athletica from $400.00 to $370.00 and set a "buy" rating for the company in a report on Friday, June 6th. Finally, TD Securities raised their price objective on shares of Lululemon Athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

Lululemon Athletica 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.