Lululemon Athletica Inc. (NASDAQ:LULU) is Beck Bode LLC's 8th Largest Position

Beck Bode LLC cut its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,434 shares of the apparel retailer's stock after selling 4,815 shares during the quarter. Lululemon Athletica makes up about 3.0% of Beck Bode LLC's holdings, making the stock its 8th biggest position. Beck Bode LLC's holdings in Lululemon Athletica were worth $16,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LULU. Price T Rowe Associates Inc. MD grew its holdings in shares of Lululemon Athletica by 95.7% in the fourth 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 acquiring an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. grew its stake in Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the period. Geode Capital Management LLC increased its position in shares of Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after purchasing an additional 10,461 shares during the last quarter. Capital World Investors raised its stake in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after buying an additional 421,890 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

LULU stock opened at $277.36 on Friday. The firm has a 50 day simple moving average of $296.48 and a two-hundred day simple moving average of $338.01. The stock has a market cap of $33.46 billion, a PE ratio of 20.03, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $5.29 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on LULU shares. Raymond James reaffirmed a "market perform" rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. BMO Capital Markets lowered their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. Morgan Stanley reduced their price objective on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a report on Friday, March 28th. KeyCorp lowered their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, BTIG Research cut their price target on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lululemon Athletica has an average rating of "Moderate Buy" and an average price target of $369.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.