National Bank of Canada FI Sells 132,289 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

National Bank of Canada FI cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 54.8% in the fourth quarter, Holdings Channel reports. The fund owned 109,314 shares of the apparel retailer’s stock after selling 132,289 shares during the period. National Bank of Canada FI’s holdings in Lululemon Athletica were worth $55,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Lululemon Athletica by 51,219.6% in the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock valued at $351,868,000 after buying an additional 686,855 shares in the last quarter. Morgan Stanley lifted 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 worth $746,034,000 after buying an additional 437,069 shares in the last quarter. Schroder Investment Management Group boosted its position in Lululemon Athletica by 20.0% in 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 buying an additional 310,347 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $71,483,000. Finally, Ameriprise Financial Inc. raised its position in shares of Lululemon Athletica by 34.5% during the third quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock worth $257,627,000 after acquiring an additional 171,227 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ:LULU traded up $4.35 on Friday, hitting $355.15. 1,257,860 shares of the company’s stock were exchanged, compared to its average volume of 1,878,894. The firm has a 50-day moving average price of $401.25 and a 200-day moving average price of $437.74. The company has a market cap of $44.75 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $4.40 earnings per share. On average, research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 22nd. Sanford C. Bernstein cut their price objective on shares of Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. BMO Capital Markets lifted their target price on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Wedbush reduced their price target on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $476.57.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

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.