Pitcairn Co. Sells 214 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Pitcairn Co. lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,019 shares of the apparel retailer’s stock after selling 214 shares during the quarter. Pitcairn Co.’s holdings in Lululemon Athletica were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its position in shares of Lululemon Athletica by 18.3% in the third quarter. Public Sector Pension Investment Board now owns 5,179 shares of the apparel retailer’s stock worth $1,405,000 after purchasing an additional 800 shares during the period. Benjamin Edwards Inc. boosted its holdings in Lululemon Athletica by 4,786.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,642 shares of the apparel retailer’s stock worth $1,260,000 after buying an additional 4,547 shares during the period. HighTower Advisors LLC increased its stake in Lululemon Athletica by 479.0% in the 3rd quarter. HighTower Advisors LLC now owns 48,908 shares of the apparel retailer’s stock worth $13,337,000 after buying an additional 61,812 shares in the last quarter. Investment Management Corp of Ontario raised its holdings in Lululemon Athletica by 46.6% during the third quarter. Investment Management Corp of Ontario now owns 3,777 shares of the apparel retailer’s stock valued at $1,025,000 after acquiring an additional 1,200 shares during the period. Finally, IHT Wealth Management LLC lifted its position in shares of Lululemon Athletica by 15.3% in the third quarter. IHT Wealth Management LLC now owns 5,045 shares of the apparel retailer’s stock valued at $1,367,000 after acquiring an additional 669 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of LULU opened at $263.70 on Friday. The firm has a market capitalization of $32.11 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The company has a 50-day moving average of $353.59 and a 200 day moving average of $339.47.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LULU. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Raymond James restated a “market perform” rating and set a $430.00 target price on shares of Lululemon Athletica in a research report on Friday, March 28th. BMO Capital Markets reduced 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 report on Friday, March 28th. Finally, Morgan Stanley dropped their price objective on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.31.

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.