Lululemon Athletica Inc. (NASDAQ:LULU) Stake Lowered by Fmr LLC

Fmr LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,411,341 shares of the apparel retailer’s stock after selling 1,276,531 shares during the quarter. Fmr LLC owned about 0.08% of Lululemon Athletica worth $3,598,991,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $32,000. Asset Planning Inc bought a new position in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Finally, Sound Income Strategies LLC lifted its stake 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 during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. Needham & Company LLC lowered their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets decreased their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. BTIG Research decreased their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, Truist Financial reduced their price objective on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $378.31.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $263.70 on Friday. The company has a 50 day moving average of $353.59 and a 200-day moving average of $339.97. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business 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 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.