Orion Portfolio Solutions LLC Sells 1,605 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Orion Portfolio Solutions LLC trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,502 shares of the apparel retailer’s stock after selling 1,605 shares during the period. Orion Portfolio Solutions LLC’s holdings in Lululemon Athletica were worth $3,634,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter worth about $370,062,000. Pictet Asset Management Holding SA raised its position in Lululemon Athletica by 20.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer’s stock valued at $345,664,000 after buying an additional 152,965 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock valued at $275,111,000 after acquiring an additional 17,119 shares in the last quarter. Finally, Amundi boosted its position in Lululemon Athletica by 2.9% during the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after acquiring an additional 18,861 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Down 14.2 %

Shares of LULU opened at $293.06 on Monday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm’s 50 day moving average is $364.63 and its 200-day moving average is $340.22. The stock has a market capitalization of $35.69 billion, a PE ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 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 analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $5.29 EPS. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a research note on Friday. Raymond James reaffirmed a “market perform” rating and issued a $430.00 target price on shares of Lululemon Athletica in a research report on Friday. Finally, Needham & Company LLC reduced their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $380.72.

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.