Worldquant Millennium Advisors LLC Lowers Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Worldquant Millennium Advisors LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 73.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,248 shares of the apparel retailer's stock after selling 113,867 shares during the period. Worldquant Millennium Advisors LLC's holdings in Lululemon Athletica were worth $15,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Woodline Partners LP bought a new stake in Lululemon Athletica during the fourth quarter valued at about $951,000. Vident Advisory LLC raised its holdings in Lululemon Athletica by 93.2% during the fourth quarter. Vident Advisory LLC now owns 2,104 shares of the apparel retailer's stock valued at $805,000 after acquiring an additional 1,015 shares during the period. Westwood Holdings Group Inc. raised its holdings in Lululemon Athletica by 24.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 46,638 shares of the apparel retailer's stock valued at $17,835,000 after acquiring an additional 9,226 shares during the period. True Wealth Design LLC raised its holdings in Lululemon Athletica by 193.0% during the fourth quarter. True Wealth Design LLC now owns 126 shares of the apparel retailer's stock valued at $48,000 after acquiring an additional 83 shares during the period. Finally, Strategic Wealth Partners Ltd. raised its holdings in Lululemon Athletica by 126.5% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,246 shares of the apparel retailer's stock valued at $4,005,000 after acquiring an additional 5,722 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays decreased their price target on Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Stifel Nicolaus decreased their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Argus cut Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $368.72.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $9.70 during trading hours on Friday, hitting $310.76. 1,989,792 shares of the company's stock traded hands, compared to its average volume of 2,169,934. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The business has a fifty day moving average price of $286.26 and a 200-day moving average price of $337.87. The firm has a market capitalization of $37.49 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts predict 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.