Mach 1 Financial Group LLC Sells 87 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mach 1 Financial Group LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 785 shares of the apparel retailer’s stock after selling 87 shares during the period. Mach 1 Financial Group LLC’s holdings in Lululemon Athletica were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LULU. TCTC Holdings LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $32,000. Asset Planning Inc bought a new position in Lululemon Athletica in the 4th quarter valued at $33,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.7 %

NASDAQ:LULU opened at $251.08 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market cap of $30.29 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The firm’s fifty day simple moving average is $317.33 and its 200 day simple moving average is $338.71.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Argus cut Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Telsey Advisory Group lowered their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus cut their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.72.

Lululemon Athletica 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.