Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Boosted by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 42.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,203 shares of the apparel retailer’s stock after purchasing an additional 358 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Lululemon Athletica were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its holdings in shares of Lululemon Athletica by 88.1% during the fourth quarter. Meeder Asset Management Inc. now owns 14,836 shares of the apparel retailer’s stock valued at $5,673,000 after acquiring an additional 6,947 shares during the period. AIA Group Ltd bought a new stake in Lululemon Athletica in the 4th quarter valued at about $1,872,000. O Shaughnessy Asset Management LLC boosted its stake in Lululemon Athletica by 39.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,093 shares of the apparel retailer’s stock valued at $2,712,000 after purchasing an additional 2,011 shares during the period. Mawer Investment Management Ltd. bought a new position in Lululemon Athletica in the 4th quarter worth about $523,520,000. Finally, RWA Wealth Partners LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LULU. BMO Capital Markets decreased their price objective on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday. Telsey Advisory Group decreased their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Raymond James reaffirmed a “market perform” rating and issued a $430.00 price objective on shares of Lululemon Athletica in a report on Friday. Finally, Oppenheimer raised their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Down 14.2 %

Shares of NASDAQ:LULU opened at $293.06 on Monday. The company’s fifty day moving average is $364.63 and its two-hundred day moving average is $340.22. The company has a market cap of $35.69 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

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