Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Trimmed by MML Investors Services LLC

MML Investors Services LLC lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,143 shares of the apparel retailer's stock after selling 1,459 shares during the period. MML Investors Services LLC's holdings in Lululemon Athletica were worth $6,173,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Beacon Capital Management LLC increased its stake in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after buying an additional 26 shares in the last quarter. Dnca Finance grew its stake in Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU stock traded down $6.78 during trading hours on Wednesday, reaching $264.49. The stock had a trading volume of 498,647 shares, compared to its average volume of 2,150,733. The firm has a 50-day simple moving average of $302.03 and a 200-day simple moving average of $338.37. The firm has a market capitalization of $31.91 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 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 firm had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same period last year, the firm earned $5.29 EPS. The firm's revenue was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. UBS Group dropped their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Truist Financial decreased their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Bank of America decreased their target price on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 28th. 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 report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $370.38.

Lululemon Athletica Company 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.