Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 76,363 shares of the apparel retailer’s stock after selling 12,328 shares during the period. Scotia Capital Inc.’s holdings in Lululemon Athletica were worth $29,203,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Beacon Capital Management LLC boosted its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. grew its position in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of analyst reports. Telsey Advisory Group cut their price objective on shares of 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 lowered their price target on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Bank of America lowered their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.45.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $273.84 on Thursday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The company’s fifty day moving average price is $338.57 and its two-hundred day moving average price is $339.30. The firm has a market capitalization of $33.04 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the company earned $5.29 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts predict that Lululemon Athletica Inc. will post 14.36 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.