Oarsman Capital Inc. Reduces Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Oarsman Capital Inc. lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 34.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 228 shares of the apparel retailer’s stock after selling 119 shares during the quarter. Oarsman Capital Inc.’s holdings in Lululemon Athletica were worth $87,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Mawer Investment Management Ltd. purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica in the 4th quarter valued at about $370,062,000. Alliancebernstein L.P. lifted its holdings in Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after purchasing an additional 421,890 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $142,235,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 3.1 %

LULU opened at $263.70 on Friday. The firm’s 50 day moving average is $353.59 and its 200-day moving average is $339.97. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market capitalization of $32.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.29 EPS. Equities analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Argus cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Telsey Advisory Group lowered their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. KeyCorp reduced their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. lowered their price target on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” 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 issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $378.31.

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.