Wealth Enhancement Advisory Services LLC Has $3.10 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,098 shares of the apparel retailer's stock after selling 7,179 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Lululemon Athletica were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LULU. Beacon Capital Management LLC increased its position in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. Dnca Finance increased its holdings in Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after acquiring an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. lifted its stake in Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after acquiring an additional 30 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of LULU traded down $65.51 on Friday, reaching $265.27. 16,078,974 shares of the stock traded hands, compared to its average volume of 2,216,205. The stock's 50-day moving average price is $286.22 and its 200-day moving average price is $338.13. The firm has a market cap of $32.00 billion, a price-to-earnings ratio of 19.15, 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.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company earned $2.54 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. Oppenheimer increased their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. The Goldman Sachs Group lowered their price objective on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reduced their target price on Lululemon Athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday. Finally, Citigroup decreased their target price on Lululemon Athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $347.72.

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.