Caisse DE Depot ET Placement DU Quebec Sells 314,980 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Caisse DE Depot ET Placement DU Quebec trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,182 shares of the apparel retailer's stock after selling 314,980 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of Lululemon Athletica worth $88,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. purchased a new position in Lululemon Athletica in the fourth quarter valued at about $275,000. Nutshell Asset Management Ltd acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $956,000. Lebenthal Global Advisors LLC boosted its stake in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares in the last quarter. Montag A & Associates Inc. grew its holdings in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $17,775,000. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LULU has been the topic of several recent analyst reports. BTIG Research reduced their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Piper Sandler dropped their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Citigroup lowered their price objective on shares of Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have given 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $369.86.

Lululemon Athletica Stock Down 0.8 %

LULU opened at $268.60 on Friday. The company has a market cap of $32.40 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.22 and a beta of 1.31. The firm's fifty day simple moving average is $298.27 and its two-hundred day simple moving average is $337.78. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.29 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.

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