Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Aviva PLC

Aviva PLC lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,649 shares of the apparel retailer's stock after selling 2,768 shares during the quarter. Aviva PLC owned 0.06% of Lululemon Athletica worth $25,870,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its stake in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $33,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 0.5 %

NASDAQ:LULU traded up $1.19 on Friday, hitting $257.81. 562,308 shares of the stock were exchanged, compared to its average volume of 2,233,077. The stock has a fifty day moving average of $335.49 and a 200-day moving average of $339.26. The stock has a market cap of $31.10 billion, a PE ratio of 18.49, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 EPS. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on LULU. Evercore ISI boosted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. BMO Capital Markets cut their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a research note on Friday, March 28th. UBS Group lowered their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Robert W. Baird lowered their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target of $371.79.

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.