Terra Alpha Investments LLC Has $3.04 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Terra Alpha Investments LLC cut its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 13.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,735 shares of the apparel retailer's stock after selling 1,646 shares during the period. Lululemon Athletica accounts for about 3.3% of Terra Alpha Investments LLC's investment portfolio, making the stock its 14th largest position. Terra Alpha Investments LLC's holdings in Lululemon Athletica were worth $3,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LULU. TCTC Holdings LLC bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LULU. Robert W. Baird cut their price objective on Lululemon Athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Stifel Nicolaus dropped their price target on Lululemon Athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Bank of America dropped their price target on Lululemon Athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Raymond James reaffirmed a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a research report on Friday, March 28th. Finally, Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $340.26.

Lululemon Athletica Trading Down 2.4%

LULU stock traded down $6.22 during trading on Wednesday, hitting $252.28. The company had a trading volume of 4,448,322 shares, compared to its average volume of 2,200,904. The company has a fifty day moving average price of $285.51 and a two-hundred day moving average price of $337.29. The company has a market cap of $30.43 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 EPS. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.