Invesco Ltd. trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294,079 shares of the apparel retailer's stock after selling 201,199 shares during the period. Invesco Ltd. owned 1.06% of Lululemon Athletica worth $494,869,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of LULU. Investment Partners Asset Management Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $275,000. Nutshell Asset Management Ltd bought a new position in Lululemon Athletica in the 4th quarter worth $956,000. Lebenthal Global Advisors LLC increased its stake in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after buying an additional 1,565 shares in the last quarter. Montag A & Associates Inc. raised its holdings in Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after acquiring an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at about $17,775,000. 85.20% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on LULU shares. Evercore ISI increased 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. Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. BMO Capital Markets lowered their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Finally, Robert W. Baird decreased 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 note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $371.79.
Get Our Latest Stock Report on Lululemon Athletica
Lululemon Athletica Stock Down 0.4 %
LULU stock traded down $1.01 during trading on Monday, hitting $260.02. The company had a trading volume of 582,784 shares, compared to its average volume of 2,231,594. The firm has a market capitalization of $31.37 billion, a P/E ratio of 18.77, a PEG ratio of 2.22 and a beta of 1.31. The company has a 50 day simple moving average of $332.40 and a 200-day simple moving average of $339.76. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 analyst estimates of $3.59 billion. During the same period in the previous year, the company posted $5.29 EPS. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.
Lululemon Athletica Company Profile
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Free Report)
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.
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