Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Decreased by Bridgewater Associates LP

Bridgewater Associates LP reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 72.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,643 shares of the apparel retailer's stock after selling 101,390 shares during the quarter. Bridgewater Associates LP's holdings in Lululemon Athletica were worth $14,777,000 at the end of the most recent quarter.

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

Lululemon Athletica Trading Up 0.7 %

Shares of Lululemon Athletica stock traded up $1.71 during trading hours on Friday, reaching $251.08. The stock had a trading volume of 1,600,547 shares, compared to its average volume of 2,229,637. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a market capitalization of $30.29 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.22 and a beta of 1.31. The firm has a 50 day simple moving average of $317.33 and a two-hundred day simple moving average of $338.17.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $5.29 earnings per share. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LULU shares. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price target for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Raymond James reissued a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. 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 report on Wednesday, April 9th. Finally, Stifel Nicolaus dropped their target price on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average target price of $371.72.

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.