Huntington National Bank Has $1.25 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Huntington National Bank decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,264 shares of the apparel retailer’s stock after selling 52 shares during the period. Huntington National Bank’s holdings in Lululemon Athletica were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mawer Investment Management Ltd. bought a new position in Lululemon Athletica in the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth about $370,062,000. Alliancebernstein L.P. increased its position in Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Lululemon Athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $142,235,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Down 9.6 %

Lululemon Athletica stock opened at $255.65 on Friday. The business has a 50-day simple moving average of $356.31 and a 200 day simple moving average of $339.48. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. The firm 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 quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $5.29 EPS. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

LULU has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. BMO Capital Markets dropped their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus dropped their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

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.