First Trust Advisors LP Sells 16,002 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

First Trust Advisors LP reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,955 shares of the apparel retailer's stock after selling 16,002 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Lululemon Athletica worth $25,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after buying an additional 65 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LULU shares. The Goldman Sachs Group decreased their target price on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price objective on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Citigroup reduced their price target on shares of Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating for the company in a report on Monday. Finally, Stifel Nicolaus dropped their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price of $369.86.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded down $0.99 during midday trading on Thursday, reaching $269.78. 419,469 shares of the company's stock traded hands, compared to its average volume of 2,220,945. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company's 50 day simple moving average is $300.26 and its 200 day simple moving average is $337.91. The company has a market cap of $32.55 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $5.29 EPS. The firm's revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Lululemon Athletica 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.