Captrust Financial Advisors Cuts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Captrust Financial Advisors lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 22.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,639 shares of the apparel retailer’s stock after selling 2,779 shares during the period. Captrust Financial Advisors’ holdings in Lululemon Athletica were worth $3,686,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Lululemon Athletica by 61.2% in the 3rd quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer’s stock worth $67,885,000 after buying an additional 94,997 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Lululemon Athletica by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 9,034 shares of the apparel retailer’s stock valued at $3,465,000 after purchasing an additional 287 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Lululemon Athletica by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer’s stock valued at $5,903,000 after purchasing an additional 159 shares during the period. Graypoint LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth approximately $221,000. Finally, Czech National Bank grew its position in Lululemon Athletica by 4.5% in the 4th quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock worth $9,366,000 after purchasing an additional 1,064 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of research reports. KeyCorp dropped their price target on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. BTIG Research reduced their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. UBS Group lowered their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Argus lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Barclays decreased their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.86.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $279.89 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The business has a 50 day simple moving average of $288.50 and a two-hundred day simple moving average of $337.47. The stock has a market capitalization of $33.77 billion, a PE ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results 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 company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 earnings per share. Lululemon Athletica’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.