Virtu Financial LLC Has $273,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Virtu Financial LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 91.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 716 shares of the apparel retailer’s stock after selling 7,239 shares during the quarter. Virtu Financial LLC’s holdings in Lululemon Athletica were worth $273,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC grew its holdings in Lululemon Athletica by 6.9% in the fourth 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 stake in shares of Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC increased its position in Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after buying an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. raised its stake in Lululemon Athletica by 3.3% during the 4th 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 during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 1.1 %

Lululemon Athletica stock opened at $341.53 on Friday. The firm has a 50 day simple moving average of $366.25 and a 200 day simple moving average of $338.67. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $5.29 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LULU shares. UBS Group boosted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Guggenheim lifted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $395.55.

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.