OneDigital Investment Advisors LLC Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

OneDigital Investment Advisors LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,846 shares of the apparel retailer's stock after selling 2,431 shares during the period. OneDigital Investment Advisors LLC's holdings in Lululemon Athletica were worth $1,471,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $275,000. Nutshell Asset Management Ltd purchased a new position in Lululemon Athletica during the fourth quarter valued at $956,000. Lebenthal Global Advisors LLC increased its holdings in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares during the last quarter. Montag A & Associates Inc. lifted its stake in Lululemon Athletica by 495.1% in the 4th 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 in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at about $17,775,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Down 1.0 %

Shares of Lululemon Athletica stock traded down $2.74 during mid-day trading on Friday, hitting $267.90. The stock had a trading volume of 1,422,240 shares, compared to its average volume of 2,228,853. The firm has a market cap of $32.32 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The firm has a 50-day moving average of $305.90 and a two-hundred day moving average of $338.46. 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 earnings results 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 for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.29 earnings per share. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of a number of research reports. Stifel Nicolaus dropped their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Robert W. Baird dropped their target price on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a report on Friday, April 4th. BTIG Research dropped 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 note on Friday, March 28th. KeyCorp cut their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Telsey Advisory Group decreased their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" 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 assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $372.28.

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.