Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Fmr LLC

Fmr LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,411,341 shares of the apparel retailer’s stock after selling 1,276,531 shares during the period. Fmr LLC owned 7.73% of Lululemon Athletica worth $3,598,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Waterloo Capital L.P. purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at $269,000. Quadrant Capital Group LLC increased its stake in Lululemon Athletica by 28.0% during the fourth 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 stake in Lululemon Athletica by 100.0% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the apparel retailer’s stock worth $7,648,000 after acquiring an additional 10,000 shares during the last quarter. Nutshell Asset Management Ltd purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $956,000. Finally, Envestnet Asset Management Inc. increased its position in Lululemon Athletica by 12.5% during the 4th 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 in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 3.1 %

NASDAQ LULU opened at $263.70 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The stock’s 50-day moving average price is $353.59 and its two-hundred day moving average price is $339.97. The company has a market cap of $32.11 billion, a PE ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm earned $5.29 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on LULU. Evercore ISI increased their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Needham & Company LLC decreased their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Barclays reduced their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus dropped their target price on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Argus lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. 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 company. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $378.31.

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.