MassMutual Private Wealth & Trust FSB Lowers Position in Lululemon Athletica Inc. (NASDAQ:LULU)

MassMutual Private Wealth & Trust FSB decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,030 shares of the apparel retailer’s stock after selling 1,751 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Lululemon Athletica were worth $2,839,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $32,000. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.4%

LULU stock opened at $317.09 on Friday. The stock has a market cap of $38.25 billion, a PE ratio of 22.89, a P/E/G ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a 50-day moving average price of $285.33 and a 200 day moving average price of $337.93.

Lululemon Athletica (NASDAQ:LULU) last announced 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of a number of analyst reports. Bank of America cut their price target on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Telsey Advisory Group cut their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Morgan Stanley decreased their target price on Lululemon Athletica from $373.00 to $346.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup upped their price target on Lululemon Athletica from $275.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $369.52.

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.