L & S Advisors Inc Reduces Position in Lululemon Athletica Inc. (NASDAQ:LULU)

L & S Advisors Inc trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,596 shares of the apparel retailer's stock after selling 1,470 shares during the period. L & S Advisors Inc's holdings in Lululemon Athletica were worth $2,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TCTC Holdings LLC bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Asset Planning Inc bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $33,000. Finally, Sound Income Strategies LLC boosted its holdings in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 65 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LULU has been the subject of a number of recent analyst reports. Telsey Advisory Group lowered their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Raymond James reissued a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. Wells Fargo & Company reduced their target price on Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Finally, BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $380.72.

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Lululemon Athletica Trading Up 1.1 %

NASDAQ:LULU traded up $3.12 during trading hours on Wednesday, reaching $282.75. The company had a trading volume of 2,160,647 shares, compared to its average volume of 2,159,865. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.22 and a beta of 1.21. The firm's 50 day moving average price is $360.96 and its 200-day moving average price is $340.47. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

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