Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Columbia Asset Management

Columbia Asset Management trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,552 shares of the apparel retailer’s stock after selling 436 shares during the period. Columbia Asset Management’s holdings in Lululemon Athletica were worth $2,123,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new position in Lululemon Athletica in the fourth quarter valued at approximately $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. BMO Capital Markets lowered their price target on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. BTIG Research cut their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, TD Securities raised their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $279.63 on Wednesday. The firm has a market capitalization of $34.05 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a 50-day simple moving average of $360.96 and a 200-day simple moving average of $340.47.

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