Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Decreased by Oarsman Capital Inc.

Oarsman Capital Inc. decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 34.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 228 shares of the apparel retailer’s stock after selling 119 shares during the quarter. Oarsman Capital Inc.’s holdings in Lululemon Athletica were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC bought a new position in Lululemon Athletica during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC boosted its holdings in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica during the fourth quarter valued at $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LULU shares. Oppenheimer lifted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Telsey Advisory Group lowered their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Wells Fargo & Company dropped their price target on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Barclays reduced their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Finally, Robert W. Baird dropped their target price on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $378.31.

Lululemon Athletica Price Performance

Shares of LULU opened at $263.70 on Friday. The firm’s 50 day moving average is $353.59 and its 200-day moving average is $339.97. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a market capitalization of $32.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping 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 firm 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 posted $5.29 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.