Quinn Opportunity Partners LLC Cuts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Quinn Opportunity Partners LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 30.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,641 shares of the apparel retailer's stock after selling 18,160 shares during the period. Lululemon Athletica makes up approximately 1.0% of Quinn Opportunity Partners LLC's investment portfolio, making the stock its 22nd biggest holding. Quinn Opportunity Partners LLC's holdings in Lululemon Athletica were worth $15,542,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in Lululemon Athletica by 5.8% during the 4th quarter. Covestor Ltd now owns 881 shares of the apparel retailer's stock worth $337,000 after acquiring an additional 48 shares during the period. First Foundation Advisors boosted its position in Lululemon Athletica by 11.8% in the fourth quarter. First Foundation Advisors now owns 15,881 shares of the apparel retailer's stock valued at $6,073,000 after buying an additional 1,680 shares during the last quarter. Bessemer Group Inc. increased its holdings in Lululemon Athletica by 2.0% in the 4th quarter. Bessemer Group Inc. now owns 22,335 shares of the apparel retailer's stock worth $8,541,000 after buying an additional 435 shares during the period. DRW Securities LLC purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $268,000. Finally, APG Asset Management N.V. lifted its stake in Lululemon Athletica by 577.1% during the 4th quarter. APG Asset Management N.V. now owns 75,240 shares of the apparel retailer's stock valued at $27,786,000 after acquiring an additional 64,128 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on LULU shares. Needham & Company LLC decreased their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Bank of America decreased their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Telsey Advisory Group cut 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. Oppenheimer lifted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $371.72.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded down $4.12 during trading on Tuesday, hitting $255.64. 1,570,833 shares of the stock were exchanged, compared to its average volume of 2,233,377. The firm's 50-day moving average price is $329.34 and its 200 day moving average price is $339.62. The stock has a market cap of $30.84 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. 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 announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.29 earnings per share. As a group, research 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.