Ethic Inc. Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Ethic Inc. trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,883 shares of the apparel retailer’s stock after selling 693 shares during the quarter. Ethic Inc.’s holdings in Lululemon Athletica were worth $3,015,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC raised its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on LULU. UBS Group cut their price objective on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Morgan Stanley lowered their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Barclays lowered their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company cut their price objective on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.86.

Lululemon Athletica Stock Down 0.9%

NASDAQ:LULU opened at $279.89 on Monday. The stock’s 50 day moving average price is $288.50 and its 200 day moving average price is $337.74. The company 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 Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.29 EPS. As a group, sell-side analysts anticipate 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.