Public Employees Retirement Association of Colorado Trims Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Public Employees Retirement Association of Colorado trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,016 shares of the apparel retailer’s stock after selling 854 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Lululemon Athletica were worth $5,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Beacon Capital Management LLC grew its stake in Lululemon Athletica by 6.9% in the 4th 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. boosted its stake 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 during the period. SeaCrest Wealth Management LLC grew its position in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares in the last quarter. Dnca Finance increased its stake in Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after acquiring an additional 26 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after acquiring an additional 28 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $268.52 on Tuesday. The firm has a market cap of $32.39 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The business’s 50 day moving average price is $303.92 and its 200-day moving average price is $338.84.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the company posted $5.29 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LULU. Telsey Advisory Group dropped their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Morgan Stanley dropped their price target on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research 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 for the company in a research report on Friday, March 28th. Raymond James reiterated a “market perform” rating and set a $430.00 price target on shares of Lululemon Athletica in a research report on Friday, March 28th. Finally, Bank of America dropped their price target on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

About Lululemon Athletica

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.