World Investment Advisors Lowers Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

World Investment Advisors reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 91.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,533 shares of the apparel retailer’s stock after selling 50,886 shares during the quarter. World Investment Advisors’ holdings in Lululemon Athletica were worth $1,733,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Public Sector Pension Investment Board lifted its stake in shares of Lululemon Athletica by 18.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 5,179 shares of the apparel retailer’s stock valued at $1,405,000 after purchasing an additional 800 shares during the period. HighTower Advisors LLC raised its position in shares of Lululemon Athletica by 479.0% in the third quarter. HighTower Advisors LLC now owns 48,908 shares of the apparel retailer’s stock worth $13,337,000 after acquiring an additional 61,812 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Lululemon Athletica by 2.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 64,716 shares of the apparel retailer’s stock worth $17,561,000 after acquiring an additional 1,531 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Lululemon Athletica by 63.8% during the 3rd quarter. Quantinno Capital Management LP now owns 9,642 shares of the apparel retailer’s stock valued at $2,616,000 after acquiring an additional 3,755 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $1,863,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LULU shares. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Bank of America dropped their price target 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. Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. KeyCorp decreased their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Robert W. Baird decreased their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $378.31.

Lululemon Athletica Stock Up 3.1 %

Shares of LULU stock opened at $263.70 on Friday. The firm has a 50 day moving average of $353.59 and a two-hundred day moving average of $339.97. The stock has a market capitalization of $32.11 billion, a PE ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business posted $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Lululemon Athletica Inc. will post 14.36 EPS 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.