Mitsubishi UFJ Trust & Banking Corp Reduces Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 59,137 shares of the apparel retailer’s stock after selling 7,336 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lululemon Athletica were worth $22,615,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth $26,000. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Sound Income Strategies LLC lifted its holdings 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. Finally, Asset Planning Inc acquired a new stake 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.

Analyst Upgrades and Downgrades

Several research firms have commented on LULU. Truist Financial lifted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. KeyCorp upped their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Guggenheim upped their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Raymond James reiterated an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Trading Up 1.1 %

Shares of NASDAQ LULU opened at $341.53 on Friday. The company’s 50-day moving average price is $366.25 and its 200 day moving average price is $338.67. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market cap of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business earned $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, research analysts expect 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.