Gardner Lewis Asset Management L P Sells 3,483 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Gardner Lewis Asset Management L P trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,154 shares of the apparel retailer’s stock after selling 3,483 shares during the quarter. Gardner Lewis Asset Management L P’s holdings in Lululemon Athletica were worth $3,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. DnB Asset Management AS grew its position in shares of Lululemon Athletica by 1.2% during the 4th quarter. DnB Asset Management AS now owns 20,308 shares of the apparel retailer’s stock valued at $7,766,000 after acquiring an additional 241 shares during the period. denkapparat Operations GmbH purchased a new position in Lululemon Athletica during the fourth quarter valued at $261,000. Pictet Asset Management Holding SA grew its holdings in Lululemon Athletica by 20.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer’s stock valued at $345,664,000 after purchasing an additional 152,965 shares during the period. Norges Bank purchased a new stake in Lululemon Athletica in the fourth quarter worth about $142,235,000. Finally, LM Advisors LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $205,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Barclays increased their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. UBS Group lifted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Oppenheimer increased their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.55.

Lululemon Athletica Stock Up 1.1 %

LULU opened at $341.53 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a market capitalization of $41.59 billion, a P/E ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. The stock’s fifty day moving average is $366.25 and its two-hundred day moving average is $338.67.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating 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 firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company posted $5.29 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.