TD Waterhouse Canada Inc. Sells 4,152 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

TD Waterhouse Canada Inc. decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,122 shares of the apparel retailer's stock after selling 4,152 shares during the period. TD Waterhouse Canada Inc.'s holdings in Lululemon Athletica were worth $18,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC bought a new position in Lululemon Athletica in the fourth quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $32,000. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $33,000. Finally, Sound Income Strategies LLC raised its stake in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU traded down $2.74 during midday trading on Friday, hitting $267.90. 1,422,240 shares of the company traded hands, compared to its average volume of 2,228,853. The stock has a 50-day moving average of $305.90 and a 200-day moving average of $338.91. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a market cap of $32.32 billion, a P/E ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31.

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

Analyst Ratings Changes

A number of brokerages recently commented on LULU. BTIG Research decreased their price target on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. UBS Group decreased their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Evercore ISI increased their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. KeyCorp decreased their price target on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Two equities research 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 company's stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus price target of $372.28.

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.