LMR Partners LLP Lowers Position in Lululemon Athletica Inc. (NASDAQ:LULU)

LMR Partners LLP decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 95.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 982 shares of the apparel retailer's stock after selling 21,718 shares during the quarter. LMR Partners LLP's holdings in Lululemon Athletica were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC lifted its holdings in Lululemon Athletica by 309.5% in the fourth 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 during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Trading Up 1.6%

NASDAQ:LULU traded up $5.06 during trading hours on Tuesday, hitting $328.76. The company had a trading volume of 422,553 shares, compared to its average volume of 2,213,653. The company has a 50-day moving average of $286.16 and a 200 day moving average of $338.13. The company has a market cap of $39.66 billion, a P/E ratio of 23.76, 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 issued 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. The company 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 firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.29 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a report on Monday, April 14th. UBS Group decreased their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. The Goldman Sachs Group decreased their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial decreased their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.