Hazlett Burt & Watson Inc. Has $38,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Hazlett Burt & Watson Inc. trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 51.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100 shares of the apparel retailer’s stock after selling 104 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Lululemon Athletica were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in LULU. O Shaughnessy Asset Management LLC lifted its position in shares of Lululemon Athletica by 39.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,093 shares of the apparel retailer’s stock valued at $2,712,000 after acquiring an additional 2,011 shares during the period. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica in the fourth quarter valued at about $523,520,000. RWA Wealth Partners LLC bought a new stake in Lululemon Athletica during the fourth quarter worth about $244,000. Schroder Investment Management Group grew its stake in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Lululemon Athletica by 87.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 539,441 shares of the apparel retailer’s stock valued at $206,288,000 after buying an additional 251,015 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $283.06 on Tuesday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The company has a 50 day simple moving average of $362.82 and a two-hundred day simple moving average of $340.38. The company has a market capitalization of $34.47 billion, a PE ratio of 20.44, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.29 earnings per share. Research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. BTIG Research cut their target price on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday. Raymond James reiterated a “market perform” rating and issued a $430.00 price target on shares of Lululemon Athletica in a research note on Friday. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Stifel Nicolaus decreased their target price on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $380.72.

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.