T. Rowe Price Investment Management Inc. Has $117.08 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

T. Rowe Price Investment Management Inc. lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 306,150 shares of the apparel retailer's stock after selling 301,678 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.25% of Lululemon Athletica worth $117,075,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Lululemon Athletica by 95.7% in the 4th 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 purchasing an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Lululemon Athletica by 14.9% in the fourth 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 last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 10,461 shares during the last quarter. Capital World Investors boosted its stake in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after purchasing an additional 421,890 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Down 2.3 %

NASDAQ LULU traded down $6.30 during trading on Wednesday, hitting $264.98. The company's stock had a trading volume of 611,113 shares, compared to its average volume of 2,220,054. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a market cap of $31.97 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The firm has a 50 day moving average price of $302.03 and a 200 day moving average price of $338.37.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LULU shares. Barclays decreased their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Bank of America dropped their target price on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. KeyCorp decreased their price target 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. The Goldman Sachs Group dropped their price objective on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Evercore ISI increased their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average price target of $370.38.

Lululemon Athletica Company 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.