Legal & General Group Plc Sells 207,606 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Legal & General Group Plc reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 20.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 823,802 shares of the apparel retailer's stock after selling 207,606 shares during the quarter. Legal & General Group Plc owned 0.68% of Lululemon Athletica worth $315,030,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP grew its position in Lululemon Athletica by 63.8% during the third quarter. Quantinno Capital Management LP now owns 9,642 shares of the apparel retailer's stock valued at $2,616,000 after acquiring an additional 3,755 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 14.6% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,826 shares of the apparel retailer's stock valued at $767,000 after purchasing an additional 360 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Lululemon Athletica by 63.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,107 shares of the apparel retailer's stock worth $3,014,000 after purchasing an additional 4,318 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Lululemon Athletica in the third quarter worth $28,517,000. Finally, Executive Wealth Management LLC purchased a new stake in Lululemon Athletica during the third quarter valued at about $1,626,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded down $1.01 during mid-day trading on Monday, reaching $260.02. The stock had a trading volume of 582,784 shares, compared to its average volume of 2,231,594. The company has a market capitalization of $31.37 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a 50-day moving average price of $332.40 and a two-hundred day moving average price of $339.76.

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

Analysts Set New Price Targets

LULU has been the subject of a number of recent research reports. BTIG Research lowered their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays dropped their price objective on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the stock a "negative" rating in a research note on Friday, March 28th. Raymond James reissued a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, Needham & Company LLC lowered their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $371.79.

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.