Osaic Holdings Inc. Has $11.85 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Osaic Holdings Inc. trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 36.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,325 shares of the apparel retailer’s stock after selling 17,118 shares during the period. Osaic Holdings Inc.’s holdings in Lululemon Athletica were worth $11,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Simon Quick Advisors LLC grew its holdings in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc grew its stake in Lululemon Athletica by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after buying an additional 23 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of Lululemon Athletica by 1.0% during the first quarter. Moody National Bank Trust Division now owns 2,846 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 29 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in shares of Lululemon Athletica by 2.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 1,519 shares of the apparel retailer’s stock valued at $777,000 after acquiring an additional 30 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its stake in shares of Lululemon Athletica by 1.1% in the fourth quarter. Great Lakes Retirement Inc. now owns 2,964 shares of the apparel retailer’s stock valued at $1,515,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.0 %

LULU stock traded down $0.08 during mid-day trading on Tuesday, hitting $284.92. The stock had a trading volume of 55,579 shares, compared to its average volume of 2,021,433. The firm has a fifty day simple moving average of $306.55 and a 200 day simple moving average of $382.90. The firm has a market capitalization of $35.62 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.39 and a beta of 1.26. Lululemon Athletica Inc. has a 52 week low of $279.16 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating the consensus estimate of $2.38 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 earnings per share. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.29 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has approved a share buyback plan on Wednesday, June 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the apparel retailer to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LULU shares. TD Cowen raised their price target on Lululemon Athletica from $437.00 to $447.00 and gave the company a “buy” rating in a report on Thursday, June 6th. BMO Capital Markets decreased their price target on shares of Lululemon Athletica from $420.00 to $384.00 and set a “market perform” rating on the stock in a research note on Thursday, June 6th. Wedbush boosted their price objective on shares of Lululemon Athletica from $397.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. TD Securities cut their price target on Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $357.00 target price on shares of Lululemon Athletica in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $431.29.

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.