Gotham Asset Management LLC Sells 3,360 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Gotham Asset Management LLC decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,945 shares of the apparel retailer's stock after selling 3,360 shares during the period. Gotham Asset Management LLC owned approximately 0.05% of Lululemon Athletica worth $24,071,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LULU. TCTC Holdings LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica during the fourth quarter worth $30,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at $32,000. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LULU. BTIG Research reduced their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. KeyCorp dropped their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley lowered their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Finally, Oppenheimer upped their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $368.72.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded up $5.28 during trading on Tuesday, reaching $309.48. 246,635 shares of the stock were exchanged, compared to its average volume of 2,223,993. The firm has a market cap of $37.33 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock has a fifty day moving average of $287.59 and a two-hundred day moving average of $337.74. 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 posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.29 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS 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.