Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Trimmed by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,154 shares of the apparel retailer's stock after selling 3,483 shares during the quarter. Gardner Lewis Asset Management L P's holdings in Lululemon Athletica were worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Investment Partners Asset Management Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $275,000. Rockefeller Capital Management L.P. increased its stake in shares of Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock worth $28,070,000 after purchasing an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares in the last quarter. Montag A & Associates Inc. grew its holdings in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after buying an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $17,775,000. 85.20% of the stock is currently owned by institutional investors.

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Lululemon Athletica Trading Down 14.2 %

LULU traded down $48.47 during trading hours on Friday, hitting $293.06. The company's stock had a trading volume of 12,900,347 shares, compared to its average volume of 2,144,794. The company has a 50-day simple moving average of $364.63 and a 200 day simple moving average of $339.62. The firm has a market capitalization of $35.69 billion, a PE ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Guggenheim upped their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Robert W. Baird lifted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Piper Sandler lowered their price target on Lululemon Athletica from $340.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday. Sanford C. Bernstein upgraded 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 report on Tuesday, January 7th. Finally, KeyCorp decreased their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $380.72.

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.