L & S Advisors Inc Sells 1,470 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

L & S Advisors Inc lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,596 shares of the apparel retailer’s stock after selling 1,470 shares during the quarter. L & S Advisors Inc’s holdings in Lululemon Athletica were worth $2,140,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LULU. Beacon Capital Management LLC raised its position in shares of Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. increased its stake in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after acquiring an additional 25 shares during the period. SeaCrest Wealth Management LLC raised its holdings in 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 acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after acquiring an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. grew its holdings in shares of 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 purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Guggenheim boosted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. KeyCorp dropped their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Bank of America lowered their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays reduced their target price on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $293.06 on Friday. The company’s 50 day moving average price is $364.63 and its 200-day moving average price is $339.62. 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 $35.69 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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 the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 earnings per share. Lululemon Athletica’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.