Natixis Sells 17,875 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Natixis decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 50.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,740 shares of the apparel retailer's stock after selling 17,875 shares during the period. Natixis' holdings in Lululemon Athletica were worth $6,784,000 at the end of the most recent reporting period.

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

Lululemon Athletica Trading Up 1.8 %

Shares of NASDAQ:LULU traded up $4.79 during mid-day trading on Thursday, hitting $270.64. 1,282,924 shares of the company traded hands, compared to its average volume of 2,225,361. The stock has a 50-day moving average price of $309.91 and a two-hundred day moving average price of $338.09. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a market cap of $32.65 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $5.29 EPS. The business's revenue was up 12.3% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group decreased their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Barclays lowered their price objective on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. BTIG Research reduced their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Telsey Advisory Group cut their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Oppenheimer increased their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $372.28.

Lululemon Athletica Company 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.