BNP PARIBAS ASSET MANAGEMENT Holding SA sells 143,177 shares of Lululemon Athletica Inc. (NASDAQ:LULU)

BNP PARIBAS ASSET MANAGEMENT Holding SA reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 48.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,382 shares of the apparel retailer’s stock after selling 143,177 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA owned approximately 0.12% of Lululemon Athletica worth $45,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have added to or reduced their stakes in the company. Tidemark LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at $26,000. Benjamin Edwards Inc. boosted its holdings in Lululemon Athletica by 176.0% in the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after buying an additional 44 shares during the period. Riverview Trust Co bought a new position in Lululemon Athletica in the first quarter valued at $29,000. Finally, True Wealth Design LLC boosted its stake in Lululemon Athletica by 2,950.0% in the fourth quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 59 shares during the period. 85.20% of the shares are currently held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

Several brokerages have recently commented on LULU. Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their price target for the company from $463.00 to $286.00 in a report on Friday, August 2nd . Guggenheim cut their price target on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird cut their price target on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Finally, Bank of America cut their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $355.84, according to MarketBeat .

Check out our latest report on Lululemon Athletica

Lululemon Athletica Price Performance

LULU opened at $259.47 on Friday. The firm has a market cap of $32.43 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26. The company’s 50-day moving average is $272.61, and its two-hundred-day moving average is $341.27. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.23. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. In the same quarter last year, the firm earned $2.68 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica Inc. to post 14.22 EPS for the current year.

Lululemon Athletica declared that its board has initiated a stock buyback plan on Wednesday, June 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Lululemon Athletica Company Profile

(Free report)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes and markets athletic apparel, footwear and accessories under the lululemon brand for women and men. It offers pants, shorts, tops and jackets for a healthy lifestyle such as yoga, running, training and other activities. They also offer fitness-inspired accessories.

Read more

Want to see what other hedge funds own LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Lululemon Athletica Inc. (NASDAQ:LULU – Free Report).

Get news and reviews for Lululemon Athletica Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lululemon Athletica and related companies with MarketBeat.com ‘s FREE daily email newsletter.