Tower Research Capital LLC TRC Has $4.86 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Tower Research Capital LLC TRC boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 159.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,709 shares of the apparel retailer's stock after purchasing an additional 7,804 shares during the period. Tower Research Capital LLC TRC's holdings in Lululemon Athletica were worth $4,860,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. boosted its position in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after acquiring an additional 25 shares during the period. SeaCrest Wealth Management LLC grew its stake in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after acquiring an additional 26 shares in the last quarter. Dnca Finance increased its holdings in shares of Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after purchasing an additional 28 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded down $2.74 on Friday, hitting $267.90. 1,422,240 shares of the company were exchanged, compared to its average volume of 2,224,868. The company's 50 day moving average price is $305.90 and its two-hundred day moving average price is $338.01. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a market capitalization of $32.32 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating 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 firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the prior year, the firm posted $5.29 EPS. The company's revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LULU shares. Oppenheimer boosted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. BMO Capital Markets lowered their target price on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research note on Friday, March 28th. Finally, Stifel Nicolaus cut their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target 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.