Dimensional Fund Advisors LP Reduces Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Dimensional Fund Advisors LP reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 699,471 shares of the apparel retailer's stock after selling 1,846 shares during the quarter. Dimensional Fund Advisors LP owned 0.57% of Lululemon Athletica worth $267,500,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. lifted its stake in Lululemon Athletica by 900.0% in the 3rd quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer's stock valued at $81,000 after buying an additional 270 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Lululemon Athletica by 17.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer's stock valued at $1,243,000 after buying an additional 680 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in Lululemon Athletica by 964.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer's stock valued at $3,815,000 after buying an additional 12,737 shares in the last quarter. World Investment Advisors LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $15,038,000. Finally, Sfmg LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $2,984,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 1.0 %

LULU traded down $2.74 during mid-day trading on Friday, hitting $267.90. 1,422,240 shares of the stock were exchanged, compared to its average volume of 2,228,853. The firm's fifty day moving average is $305.90 and its two-hundred day moving average is $338.91. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The company has a market cap of $32.32 billion, a PE ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LULU. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their price objective on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC lowered their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Raymond James reissued a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. Finally, Bank of America lowered their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $372.28.

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.