Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,562 shares of the apparel retailer’s stock after selling 8,545 shares during the quarter. First Trust Advisors LP’s holdings in Lululemon Athletica were worth $11,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LULU. MetLife Investment Management LLC acquired a new position in Lululemon Athletica in the 1st quarter valued at about $2,696,000. Panagora Asset Management Inc. boosted its holdings in Lululemon Athletica by 48.4% in the 1st quarter. Panagora Asset Management Inc. now owns 1,647 shares of the apparel retailer’s stock valued at $602,000 after purchasing an additional 537 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Lululemon Athletica by 2.5% in the 1st quarter. Yousif Capital Management LLC now owns 4,022 shares of the apparel retailer’s stock valued at $1,469,000 after purchasing an additional 100 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Lululemon Athletica by 6.5% in the 1st quarter. Raymond James Trust N.A. now owns 1,251 shares of the apparel retailer’s stock valued at $457,000 after acquiring an additional 76 shares during the period. Finally, Prudential PLC purchased a new stake in shares of Lululemon Athletica in the 1st quarter valued at approximately $774,000. 82.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Cowen reduced their price target on shares of Lululemon Athletica from $516.00 to $488.00 in a research note on Tuesday, January 10th. Wells Fargo & Company raised shares of Lululemon Athletica from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $360.00 to $380.00 in a research note on Friday, January 6th. Credit Suisse Group boosted their price target on shares of Lululemon Athletica from $390.00 to $465.00 and gave the company an “outperform” rating in a research note on Monday, December 5th. Morgan Stanley upped their target price on shares of Lululemon Athletica from $343.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, December 9th. Finally, Sanford C. Bernstein downgraded shares of Lululemon Athletica from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $340.00 to $290.00 in a research note on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $403.10.

Lululemon Athletica Trading Down 1.8 %

Shares of Lululemon Athletica stock opened at $296.26 on Friday. The company has a fifty day simple moving average of $313.64 and a 200-day simple moving average of $321.65. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $410.70. The stock has a market cap of $37.78 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 1.33 and a beta of 1.35.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last issued its earnings results on Thursday, December 8th. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.04. Lululemon Athletica had a net margin of 15.66% and a return on equity of 41.13%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts forecast that Lululemon Athletica Inc. will post 9.88 earnings per share for the current fiscal year.

About Lululemon Athletica

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lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.