West Coast Financial LLC Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

West Coast Financial LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 29,102 shares of the apparel retailer’s stock after selling 898 shares during the quarter. West Coast Financial LLC’s holdings in Lululemon Athletica were worth $8,238,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Retireful LLC boosted its holdings in shares of Lululemon Athletica by 4.4% during the 1st quarter. Retireful LLC now owns 3,988 shares of the apparel retailer’s stock valued at $1,169,000 after buying an additional 167 shares in the last quarter. Lake Street Private Wealth LLC boosted its stake in Lululemon Athletica by 4.8% in the 1st quarter. Lake Street Private Wealth LLC now owns 1,525 shares of the apparel retailer’s stock worth $432,000 after purchasing an additional 70 shares in the last quarter. Bremer Bank National Association boosted its stake in Lululemon Athletica by 13.1% in the 1st quarter. Bremer Bank National Association now owns 16,375 shares of the apparel retailer’s stock worth $4,635,000 after purchasing an additional 1,895 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in Lululemon Athletica by 44,390.9% in the 1st quarter. Whipplewood Advisors LLC now owns 14,682 shares of the apparel retailer’s stock worth $4,156,000 after purchasing an additional 14,649 shares in the last quarter. Finally, RFG Advisory LLC boosted its stake in Lululemon Athletica by 384.9% in the 1st quarter. RFG Advisory LLC now owns 8,437 shares of the apparel retailer’s stock worth $2,388,000 after purchasing an additional 6,697 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the topic of a number of analyst reports. BMO Capital Markets dropped their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research note on Friday, March 28th. Bank of America lowered their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BTIG Research lowered their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Barclays reduced their price target on shares of Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.10.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $330.78 on Friday. The company has a market capitalization of $39.90 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The stock has a 50 day moving average price of $286.22 and a 200-day moving average price of $338.13.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts’ consensus estimates of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. As a group, equities analysts predict 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.