Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Decreased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 306,150 shares of the apparel retailer's stock after selling 301,678 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.25% of Lululemon Athletica worth $117,075,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after acquiring an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $370,062,000. Alliancebernstein L.P. raised its holdings in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, Capital World Investors grew its holdings in Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LULU. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Robert W. Baird reduced their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Bank of America lowered their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. UBS Group cut their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, Citigroup set a $330.00 target price on Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target of $372.28.

Lululemon Athletica Stock Down 1.0 %

Shares of LULU stock traded down $2.74 during mid-day trading on Friday, reaching $267.90. The company's stock had a trading volume of 1,422,240 shares, compared to its average volume of 2,228,853. The firm has a market capitalization of $32.32 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company's 50 day simple moving average is $305.90 and its 200-day simple moving average is $338.91. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for 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 quarter last year, the firm posted $5.29 earnings per share. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.