Nan Shan Life Insurance Co. Ltd. Has $10.22 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Nan Shan Life Insurance Co. Ltd. lowered its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 80.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,724 shares of the apparel retailer’s stock after selling 111,591 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Lululemon Athletica were worth $10,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Lululemon Athletica by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer’s stock worth $5,903,000 after purchasing an additional 159 shares during the period. Czech National Bank boosted its stake in Lululemon Athletica by 4.5% in the 4th quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock valued at $9,366,000 after buying an additional 1,064 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at $727,000. Brookstone Capital Management raised its stake in Lululemon Athletica by 106.4% during the fourth quarter. Brookstone Capital Management now owns 2,014 shares of the apparel retailer’s stock worth $770,000 after acquiring an additional 1,038 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $250,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Wells Fargo & Company reduced their target price on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Citigroup reduced their price objective on Lululemon Athletica from $330.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus cut their price target on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.72.

Lululemon Athletica Stock Up 2.1%

Shares of NASDAQ:LULU opened at $310.61 on Wednesday. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company’s fifty day simple moving average is $286.84 and its 200 day simple moving average is $337.55.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the firm earned $5.29 earnings per share. Lululemon Athletica’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.