Rhumbline Advisers trimmed its position in Lululemon Athletica (NASDAQ:LULU) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,658 shares of the apparel retailer’s stock after selling 4,192 shares during the quarter. Rhumbline Advisers owned approximately 0.07% of Lululemon Athletica worth $8,525,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Lululemon Athletica by 21.6% during the third quarter. Dimensional Fund Advisors LP now owns 382,282 shares of the apparel retailer’s stock worth $23,790,000 after purchasing an additional 67,878 shares during the period. Bank of Montreal Can boosted its holdings in shares of Lululemon Athletica by 11.6% during the fourth quarter. Bank of Montreal Can now owns 34,246 shares of the apparel retailer’s stock worth $2,691,000 after purchasing an additional 3,550 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Lululemon Athletica by 3.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 426,213 shares of the apparel retailer’s stock worth $33,497,000 after purchasing an additional 13,628 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Lululemon Athletica by 120,248.9% during the fourth quarter. Acadian Asset Management LLC now owns 162,471 shares of the apparel retailer’s stock worth $12,768,000 after purchasing an additional 162,336 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $557,000. Institutional investors own 79.72% of the company’s stock.
LULU has been the subject of several research reports. Cowen set a $90.00 price target on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, February 2nd. SunTrust Banks restated a “buy” rating and set a $95.00 price target on shares of Lululemon Athletica in a report on Friday, February 2nd. Canaccord Genuity set a $75.00 price target on shares of Lululemon Athletica and gave the stock a “hold” rating in a report on Tuesday, February 6th. Finally, Oppenheimer restated an “outperform” rating and set a $88.00 price target on shares of Lululemon Athletica in a report on Tuesday, February 6th. Seventeen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $83.44.
Shares of Lululemon Athletica opened at $102.00 on Friday, MarketBeat Ratings reports. Lululemon Athletica has a 1 year low of $99.15 and a 1 year high of $101.67. The firm has a market cap of $13.77 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.48 and a beta of 0.14.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.06. Lululemon Athletica had a net margin of 9.76% and a return on equity of 24.59%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $912.41 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Lululemon Athletica’s revenue was up 17.6% compared to the same quarter last year. analysts expect that Lululemon Athletica will post 3.12 EPS for the current fiscal year.
Lululemon Athletica Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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