Bank Julius Baer & Co. Ltd Zurich Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,917 shares of the apparel retailer’s stock after selling 3,358 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Lululemon Athletica were worth $22,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 51,219.6% during the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock valued at $351,868,000 after acquiring an additional 686,855 shares during the period. Morgan Stanley raised its holdings in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after acquiring an additional 437,069 shares during the period. Schroder Investment Management Group raised its holdings in Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after acquiring an additional 310,347 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Lululemon Athletica during the 3rd quarter valued at $71,483,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Lululemon Athletica by 34.5% in the third quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock worth $257,627,000 after purchasing an additional 171,227 shares during the period. Institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 1.3 %

LULU stock traded up $4.70 on Friday, hitting $364.70. The company had a trading volume of 1,232,710 shares, compared to its average volume of 1,773,002. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The stock’s 50-day simple moving average is $412.27 and its 200 day simple moving average is $438.30. The stock has a market cap of $45.96 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 1.29 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter last year, the company posted $4.40 earnings per share. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Research analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Robert W. Baird reduced their target price on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Guggenheim cut their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. KeyCorp cut their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Oppenheimer restated an “outperform” rating and set a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $481.96.

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.