Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,707 shares of the apparel retailer's stock after selling 1,699 shares during the quarter. Tidal Investments LLC's holdings in Lululemon Athletica were worth $3,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in Lululemon Athletica in the fourth quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at $32,000. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LULU. Truist Financial reduced their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group lowered their target price on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Citigroup lowered their target price 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, April 28th. Bank of America lowered their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Raymond James reaffirmed a "market perform" rating and set a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have issued 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $368.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded down $9.70 on Friday, hitting $310.76. 1,989,792 shares of the company's stock were exchanged, compared to its average volume of 2,170,390. The firm's 50-day moving average is $286.26 and its 200 day moving average is $337.87. The company has a market capitalization of $37.49 billion, a PE ratio of 22.44, a P/E/G ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released 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 business had revenue of $3.60 billion during 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%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.29 EPS. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.