Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by First Foundation Advisors

First Foundation Advisors boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,881 shares of the apparel retailer’s stock after purchasing an additional 1,680 shares during the period. First Foundation Advisors’ holdings in Lululemon Athletica were worth $6,073,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after buying an additional 10,461 shares during the period. Schroder Investment Management Group boosted its position in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares during the period. Mawer Investment Management Ltd. acquired a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $370,062,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 6.1 %

LULU opened at $257.03 on Thursday. The stock has a market capitalization of $31.01 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm’s fifty day simple moving average is $338.57 and its 200 day simple moving average is $339.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS 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 firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the firm posted $5.29 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their target price on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Barclays dropped their target price on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Citigroup set a $330.00 target price on Lululemon Athletica and gave the stock a “negative” rating in a report on Friday, March 28th. Finally, KeyCorp dropped their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.45.

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.