Scotia Capital Inc. Decreases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Scotia Capital Inc. trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,363 shares of the apparel retailer's stock after selling 12,328 shares during the period. Scotia Capital Inc. owned approximately 0.06% of Lululemon Athletica worth $29,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LULU. Bessemer Group Inc. boosted its stake in shares of Lululemon Athletica by 2.0% in the fourth quarter. Bessemer Group Inc. now owns 22,335 shares of the apparel retailer's stock worth $8,541,000 after acquiring an additional 435 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth $268,000. APG Asset Management N.V. raised its holdings in shares of Lululemon Athletica by 577.1% during the 4th quarter. APG Asset Management N.V. now owns 75,240 shares of the apparel retailer's stock worth $27,786,000 after acquiring an additional 64,128 shares during the period. Sellaronda Global Management LP acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $10,325,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $1,641,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LULU. Morgan Stanley decreased their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Stifel Nicolaus lowered their price objective on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Raymond James reiterated a "market perform" rating and set a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. UBS Group decreased their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and an average price target of $371.72.

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Lululemon Athletica Stock Performance

Lululemon Athletica stock traded down $4.94 during mid-day trading on Tuesday, reaching $254.82. 613,144 shares of the company were exchanged, compared to its average volume of 2,229,803. The firm's 50-day simple moving average is $329.34 and its two-hundred day simple moving average is $339.62. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market cap of $30.74 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $5.29 earnings per share. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. As a group, equities research 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.