Trek Financial LLC Lowers Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Trek Financial LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 31.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,202 shares of the apparel retailer's stock after selling 9,539 shares during the period. Trek Financial LLC's holdings in Lululemon Athletica were worth $8,108,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Waterloo Capital L.P. acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $269,000. Quadrant Capital Group LLC grew its holdings in Lululemon Athletica by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 594 shares of the apparel retailer's stock worth $227,000 after acquiring an additional 130 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its position in Lululemon Athletica by 100.0% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the apparel retailer's stock valued at $7,648,000 after acquiring an additional 10,000 shares during the period. Nutshell Asset Management Ltd bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $956,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Lululemon Athletica by 12.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 128,049 shares of the apparel retailer's stock worth $48,967,000 after purchasing an additional 14,184 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. KeyCorp decreased their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Oppenheimer increased 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. Telsey Advisory Group cut their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $371.79.

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Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $3.18 during trading hours on Friday, reaching $259.80. The company's stock had a trading volume of 732,557 shares, compared to its average volume of 2,234,015. The stock's fifty day simple moving average is $335.49 and its two-hundred day simple moving average is $339.26. The company has a market capitalization of $31.34 billion, a P/E ratio of 18.65, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a one year low of $226.01 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $5.29 EPS. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.