Ensign Peak Advisors Inc Has $14.29 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Ensign Peak Advisors Inc trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,356 shares of the apparel retailer's stock after selling 75,194 shares during the period. Ensign Peak Advisors Inc's holdings in Lululemon Athletica were worth $14,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Partners Asset Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $275,000. Nutshell Asset Management Ltd acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $956,000. Lebenthal Global Advisors LLC raised its position in Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after purchasing an additional 1,565 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 3,540 shares in 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 and hedge funds.

Lululemon Athletica Stock Up 0.8%

Lululemon Athletica stock traded up $2.48 during trading hours on Friday, reaching $321.44. 1,274,923 shares of the company's stock were exchanged, compared to its average volume of 2,222,714. The firm's 50 day simple moving average is $286.02 and its 200 day simple moving average is $337.83. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market capitalization of $38.78 billion, a PE ratio of 23.21, a PEG ratio of 2.22 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LULU shares. Morgan Stanley lowered their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Piper Sandler lowered their price target on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. BTIG Research lowered their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. KeyCorp lowered their price target on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. One equities 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 issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.72.

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.