Today, First Trust Advisors LP decides to keep it stake in Lululemon Athletica Inc. (LULU) to the level of $15,546,000

Today, First Trust Advisors LP decides to keep it stake in Lululemon Athletica Inc. (LULU) to the level of $15,546,000

First Trust Advisors LP reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 28.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,936 shares of the apparel retailer’s stock after selling 98,908 shares during the period. First Trust Advisors LP’s holdings in Lululemon Athletica were worth $15,546,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LULU. Mycio Wealth Partners LLC increased its stake in Lululemon Athletica by 0.6% in the second quarter. Mycio Wealth Partners LLC now owns 1,972 shares of the apparel retailer’s stock valued at $146,000 after buying an additional 12 shares during the last quarter. Bridgecreek Investment Management LLC increased its stake in Lululemon Athletica by 0.3% in the second quarter. Bridgecreek Investment Management LLC now owns 19,400 shares of the apparel retailer’s stock valued at $1,433,000 after buying an additional 65 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Lululemon Athletica by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,949 shares of the apparel retailer’s stock valued at $587,000 after buying an additional 137 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Lululemon Athletica by 0.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,547 shares of the apparel retailer’s stock valued at $1,148,000 after buying an additional 146 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC increased its stake in Lululemon Athletica by 0.9% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 16,242 shares of the apparel retailer’s stock valued at $1,200,000 after buying an additional 150 shares during the last quarter. 91.36% of the stock is owned by institutional investors.

Lululemon Athletica Inc. (NASDAQ:LULU) traded down 1.14% during trading on Monday, hitting $57.33. 1,030,074 shares of the stock were exchanged. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 29.42 and a beta of 0.46. Lululemon Athletica Inc. has a 52 week low of $44.62 and a 52 week high of $81.81. The firm has a 50-day moving average of $56.98 and a 200-day moving average of $67.43.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The company had revenue of $514.52 million for the quarter. During the same quarter last year, the business earned $0.34 earnings per share. Lululemon Athletica’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post $2.13 earnings per share for the current fiscal year.

Several research firms have recently weighed in on LULU. Jefferies Group downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating and dropped their target price for the stock from $80.00 to $76.00 in a research report on Sunday, September 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Lululemon Athletica from a “sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and set a $64.00 price objective on shares of Lululemon Athletica in a research report on Friday, September 2nd. KeyCorp boosted their price objective on shares of Lululemon Athletica from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Lululemon Athletica in a research report on Friday, September 2nd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica currently has an average rating of “Hold” and an average target price of $70.45.

About Lululemon Athletica

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

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