Lululemon Athletica Inc. (NASDAQ:LULU) Position Lowered by First Trust Advisors LP

First Trust Advisors LP reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,955 shares of the apparel retailer's stock after selling 16,002 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Lululemon Athletica worth $25,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investment Partners Asset Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $275,000. Nutshell Asset Management Ltd bought a new stake in Lululemon Athletica during the fourth quarter valued at $956,000. Lebenthal Global Advisors LLC raised its holdings in shares of Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. raised its holdings in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Lululemon Athletica in the 4th quarter worth about $17,775,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LULU. Robert W. Baird dropped their price objective on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Bank of America dropped their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus reduced 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. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, BMO Capital Markets reduced their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. Two equities research 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, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.28.

Lululemon Athletica Stock Down 1.0 %

Shares of NASDAQ LULU opened at $267.90 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market cap of $32.32 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 1.31. The business has a fifty day simple moving average of $305.90 and a 200-day simple moving average of $338.01.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 17.05% and a return on equity of 42.16%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.29 earnings per share. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS 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.

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