Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,502 shares of the apparel retailer's stock after selling 1,605 shares during the period. Orion Portfolio Solutions LLC's holdings in Lululemon Athletica were worth $3,634,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Investment Partners Asset Management Inc. acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $275,000. Rockefeller Capital Management L.P. increased its position in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock worth $28,070,000 after purchasing an additional 34,704 shares during the period. Lebenthal Global Advisors LLC lifted its position 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 valued at $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its stake in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $17,775,000. 85.20% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts recently commented on LULU shares. JPMorgan Chase & Co. dropped their price objective on Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Telsey Advisory Group reduced their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Raymond James reissued a "market perform" rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. Oppenheimer raised their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Guggenheim upped their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Two equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $380.72.

Lululemon Athletica Stock Down 9.6 %

LULU traded down $27.24 on Thursday, reaching $255.51. 5,571,771 shares of the company traded hands, compared to its average volume of 2,174,964. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a market cap of $31.12 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm has a fifty day simple moving average of $358.96 and a two-hundred day simple moving average of $340.07.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The firm 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 firm's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.29 EPS. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.