Grandeur Peak Global Advisors LLC Has $83.32 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Grandeur Peak Global Advisors LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,869 shares of the apparel retailer's stock after selling 16,523 shares during the quarter. Lululemon Athletica makes up about 7.4% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its largest position. Grandeur Peak Global Advisors LLC owned approximately 0.18% of Lululemon Athletica worth $83,315,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LULU. Mawer Investment Management Ltd. purchased a new position in Lululemon Athletica during the fourth quarter worth about $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $370,062,000. Alliancebernstein L.P. lifted its position in Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after buying an additional 421,890 shares during the period. Finally, Norges Bank purchased a new stake in Lululemon Athletica during the fourth quarter worth $142,235,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

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Lululemon Athletica Stock Down 1.6 %

Shares of LULU stock traded down $4.12 during trading hours on Tuesday, reaching $255.64. The company's stock had a trading volume of 1,571,319 shares, compared to its average volume of 2,233,014. The company has a market capitalization of $30.84 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.22 and a beta of 1.31. The firm's 50 day simple moving average is $329.34 and its 200-day simple moving average is $339.62. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week 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 for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the prior year, the company posted $5.29 earnings per share. Lululemon Athletica's revenue for the quarter was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on LULU shares. BTIG Research lowered their price objective 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. Evercore ISI raised their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays reduced their price objective on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Two research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $371.72.

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.