Canada Pension Plan Investment Board Has $18.53 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Canada Pension Plan Investment Board lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,463 shares of the apparel retailer's stock after selling 69,811 shares during the period. Canada Pension Plan Investment Board's holdings in Lululemon Athletica were worth $18,533,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. TCTC Holdings LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica during the 4th quarter worth $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LULU shares. Wells Fargo & Company decreased their target price on Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. KeyCorp lowered their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Needham & Company LLC reduced their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Evercore ISI boosted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $372.28.

Lululemon Athletica Stock Performance

Shares of LULU stock traded down $2.74 during mid-day trading on Friday, hitting $267.90. 1,422,240 shares of the stock traded hands, compared to its average volume of 2,224,868. The firm has a market cap of $32.32 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company's 50-day simple moving average is $305.90 and its 200-day simple moving average is $338.01. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month 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 for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $5.29 EPS. Analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.