Envestnet Asset Management Inc. Grows Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Envestnet Asset Management Inc. lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,049 shares of the apparel retailer's stock after purchasing an additional 14,184 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of Lululemon Athletica worth $48,967,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. M&T Bank Corp lifted its stake in Lululemon Athletica by 56.2% in the third quarter. M&T Bank Corp now owns 14,337 shares of the apparel retailer's stock worth $3,890,000 after purchasing an additional 5,157 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after acquiring an additional 44,294 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in Lululemon Athletica during the 3rd quarter valued at about $304,000. Neo Ivy Capital Management bought a new position in Lululemon Athletica during the 3rd quarter worth approximately $238,000. Finally, Sunbelt Securities Inc. increased its stake in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock worth $258,000 after purchasing an additional 42 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of analyst reports. Telsey Advisory Group dropped their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. BTIG Research dropped their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. BMO Capital Markets decreased their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a report on Monday. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $371.72.

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Lululemon Athletica Trading Down 1.1 %

NASDAQ:LULU traded down $2.81 during trading hours on Wednesday, reaching $252.83. 391,797 shares of the company traded hands, compared to its average volume of 2,225,949. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The stock has a market capitalization of $30.50 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.22 and a beta of 1.31. The business's 50-day moving average price is $326.21 and its two-hundred day moving average price is $339.03.

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 (EPS) 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm earned $5.29 EPS. Lululemon Athletica's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.