Union Bancaire Privee UBP SA Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Union Bancaire Privee UBP SA lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 54.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,769 shares of the apparel retailer's stock after selling 3,335 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Lululemon Athletica were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in Lululemon Athletica in the fourth quarter worth approximately $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth about $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica during the 4th quarter worth $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

LULU has been the subject of several research reports. Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. TD Securities lifted their target price on shares of Lululemon Athletica from $370.00 to $373.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Jefferies Financial Group reduced their target price on Lululemon Athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $385.00 price target on shares of Lululemon Athletica in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $340.26.

Lululemon Athletica Trading Down 3.2%

Shares of NASDAQ:LULU traded down $7.92 during midday trading on Friday, hitting $239.11. The company had a trading volume of 4,511,966 shares, compared to its average volume of 2,216,630. The stock has a market cap of $28.66 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.22 and a beta of 1.26. The firm has a fifty day simple moving average of $284.75 and a 200 day simple moving average of $335.60. 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 released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 EPS. Equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.