Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by RB Capital Management LLC

RB Capital Management LLC reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,551 shares of the apparel retailer’s stock after selling 60 shares during the period. RB Capital Management LLC’s holdings in Lululemon Athletica were worth $3,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its holdings in Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its holdings in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. Dnca Finance raised its holdings in Lululemon Athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after buying an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. increased its stake in shares of Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after purchasing an additional 30 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Down 2.9%

NASDAQ:LULU opened at $317.56 on Thursday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a 50 day moving average of $286.64 and a 200-day moving average of $337.91. The stock has a market capitalization of $38.31 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

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. 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 during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $5.29 EPS. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LULU shares. Evercore ISI lifted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Robert W. Baird dropped their price objective on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price objective on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus decreased their target price on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $368.72.

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.