Korea Investment CORP Sells 25,455 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Korea Investment CORP reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 30.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,273 shares of the apparel retailer's stock after selling 25,455 shares during the quarter. Korea Investment CORP's holdings in Lululemon Athletica were worth $22,667,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC boosted its holdings in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. boosted its stake in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC grew its position in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. raised its holdings in shares of Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LULU shares. Truist Financial decreased their price objective on shares of Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Raymond James reaffirmed a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a report on Friday, March 28th. Citigroup set a $330.00 target price on Lululemon Athletica and gave the company a "negative" rating in a research note on Friday, March 28th. Oppenheimer lifted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Barclays reduced their price objective on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average target price of $380.72.

Lululemon Athletica Trading Up 0.8 %

Lululemon Athletica stock traded up $2.28 during trading hours on Wednesday, hitting $281.91. 1,588,752 shares of the stock traded hands, compared to its average volume of 2,157,738. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a market cap of $34.33 billion, a PE ratio of 20.35, a PEG ratio of 2.22 and a beta of 1.21. The firm's 50-day moving average price is $360.96 and its two-hundred day moving average price is $340.47.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $5.29 earnings per share. Lululemon Athletica's quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.