Deutsche Bank AG Trims Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Deutsche Bank AG trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 498,195 shares of the apparel retailer’s stock after selling 39,290 shares during the period. Deutsche Bank AG owned about 0.41% of Lululemon Athletica worth $190,515,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. TCTC Holdings LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $30,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at $32,000. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica during the fourth quarter valued at about $33,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on LULU shares. The Goldman Sachs Group cut their price objective on Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. UBS Group reduced their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Morgan Stanley lowered their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price objective on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $369.86.

Lululemon Athletica Stock Down 0.9 %

Shares of Lululemon Athletica stock opened at $279.89 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a market capitalization of $33.77 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock’s fifty day moving average is $288.50 and its two-hundred day moving average is $337.17.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during 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 quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $5.29 EPS. As a group, research analysts anticipate 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.