Blair William & Co. IL Decreases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Blair William & Co. IL lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,950 shares of the apparel retailer’s stock after selling 17,891 shares during the quarter. Blair William & Co. IL’s holdings in Lululemon Athletica were worth $68,432,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after acquiring an additional 44,294 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $370,062,000. Charles Schwab Investment Management Inc. lifted its position in shares of Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock valued at $275,111,000 after buying an additional 17,119 shares in the last quarter. Amundi increased its holdings in Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after acquiring an additional 18,861 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Lululemon Athletica by 60.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock worth $148,201,000 after acquiring an additional 205,757 shares during the period. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Oppenheimer lifted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays boosted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Evercore ISI raised their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $337.79 on Thursday. The firm’s fifty day moving average is $366.84 and its two-hundred day moving average is $338.65. The firm has a market cap of $41.14 billion, a price-to-earnings ratio of 24.39, a PEG 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.

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.