Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Decreased by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791 shares of the apparel retailer’s stock after selling 189 shares during the quarter. Freedom Investment Management Inc.’s holdings in Lululemon Athletica were worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $275,000. Nutshell Asset Management Ltd bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $956,000. Lebenthal Global Advisors LLC raised its position in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in Lululemon Athletica during the 4th quarter valued at approximately $17,775,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BMO Capital Markets cut their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research note on Friday, March 28th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Bank of America decreased their target price 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, March 28th. Wells Fargo & Company cut their price target on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Finally, Oppenheimer increased their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.72.

Lululemon Athletica Stock Up 1.1 %

LULU stock opened at $253.91 on Tuesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company has a market cap of $30.63 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 2.22 and a beta of 1.31. The business has a 50 day moving average price of $314.51 and a two-hundred day moving average price of $339.12.

Lululemon Athletica (NASDAQ:LULU) last issued 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. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $5.29 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.