Shelton Capital Management Has $5.64 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Shelton Capital Management decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,746 shares of the apparel retailer’s stock after selling 691 shares during the quarter. Shelton Capital Management’s holdings in Lululemon Athletica were worth $5,639,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Schroder Investment Management Group increased its holdings in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after purchasing an additional 421,890 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica in the fourth quarter worth $523,520,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $370,062,000. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LULU shares. Barclays cut their price target on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Bank of America reduced their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Argus lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. BTIG Research reduced their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, BMO Capital Markets decreased their price objective on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.31.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $247.61 on Wednesday. The company has a market capitalization of $30.15 billion, a P/E ratio of 17.88, a price-to-earnings-growth 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. The company’s 50 day moving average price is $344.32 and its two-hundred day moving average price is $339.66.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business earned $5.29 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts forecast 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.