Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 16.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 518 shares of the apparel retailer’s stock after selling 100 shares during the period. Weatherly Asset Management L. P.’s holdings in Lululemon Athletica were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 51,219.6% in the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after purchasing an additional 686,855 shares in the last quarter. Morgan Stanley lifted its position in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after acquiring an additional 437,069 shares during the period. Schroder Investment Management Group grew its stake in Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Lululemon Athletica in the third quarter worth about $71,483,000. Finally, Ameriprise Financial Inc. boosted its position in Lululemon Athletica by 34.5% in the third quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock valued at $257,627,000 after buying an additional 171,227 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays decreased their price objective on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Raymond James boosted their price objective on Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Oppenheimer reiterated an “outperform” rating and set a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, Morgan Stanley lowered their price target on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $483.61.

Lululemon Athletica Trading Up 0.3 %

Lululemon Athletica stock traded up $1.10 during trading on Wednesday, hitting $365.78. The company had a trading volume of 707,925 shares, compared to its average volume of 1,775,071. The stock has a market cap of $46.09 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.28 and a beta of 1.30. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39. The company’s 50 day simple moving average is $416.17 and its 200-day simple moving average is $439.37.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the business posted $4.40 EPS. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

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.