Siemens Fonds Invest GmbH Decreases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Siemens Fonds Invest GmbH trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,572 shares of the apparel retailer’s stock after selling 439 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Lululemon Athletica were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LULU. Price T Rowe Associates Inc. MD increased its stake in shares of Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $523,520,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $370,062,000. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after buying an additional 571,657 shares during the period. Finally, Capital World Investors increased its position in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after purchasing an additional 556,406 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LULU. Wells Fargo & Company reduced their price objective on shares of Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Telsey Advisory Group reduced 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. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Bank of America reduced their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $368.72.

Lululemon Athletica Stock Performance

LULU opened at $321.20 on Wednesday. The stock has a market capitalization of $38.75 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.22 and a beta of 1.30. The company’s 50-day simple moving average is $285.82 and its two-hundred day simple moving average is $338.10. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.29 EPS. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.