Voya Investment Management LLC Sells 4,111 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Voya Investment Management LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,575 shares of the apparel retailer's stock after selling 4,111 shares during the period. Voya Investment Management LLC's holdings in Lululemon Athletica were worth $11,692,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Asset Planning Inc purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $33,000. Finally, Sound Income Strategies LLC raised 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 valued at $33,000 after purchasing an additional 65 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research reports. UBS Group dropped their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Truist Financial cut their target price on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, KeyCorp dropped their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average price target of $369.86.

Lululemon Athletica Stock Up 3.3 %

Shares of NASDAQ LULU traded up $8.76 during trading hours on Friday, reaching $277.36. 1,810,913 shares of the stock traded hands, compared to its average volume of 2,225,925. 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 $298.27 and its two-hundred day simple moving average is $337.78. The company has a market capitalization of $33.46 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

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 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 company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the prior year, the business posted $5.29 EPS. Lululemon Athletica's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.