Rafferty Asset Management LLC reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,986 shares of the apparel retailer's stock after selling 10,108 shares during the period. Rafferty Asset Management LLC's holdings in Lululemon Athletica were worth $17,203,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. Alliancebernstein L.P. lifted its holdings in Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after buying an additional 10,461 shares in the last quarter. Capital World Investors boosted its position in Lululemon Athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after acquiring an additional 421,890 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LULU has been the subject of a number of analyst reports. Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. UBS Group reduced their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Piper Sandler decreased their price target on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Needham & Company LLC cut their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.72.
Read Our Latest Research Report on LULU
Lululemon Athletica Stock Performance
Shares of LULU stock traded down $6.66 during midday trading on Wednesday, reaching $320.51. 502,173 shares of the company were exchanged, compared to its average volume of 2,204,994. The company's 50 day moving average price is $286.51 and its two-hundred day moving average price is $338.05. The company has a market cap of $38.67 billion, a P/E ratio of 23.17, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.29 earnings per share. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.
About Lululemon Athletica
(
Free Report)
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.
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