Prudential PLC Sells 15,039 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Prudential PLC lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,354 shares of the apparel retailer's stock after selling 15,039 shares during the period. Prudential PLC's holdings in Lululemon Athletica were worth $3,959,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Asset Planning Inc bought a new position in Lululemon Athletica in the 4th quarter valued at $33,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the stock a "negative" rating in a research report on Friday, March 28th. Robert W. Baird decreased their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. BTIG Research lowered their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, BMO Capital Markets reduced their price objective on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $371.79.

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Lululemon Athletica Price Performance

NASDAQ LULU traded up $4.41 during trading on Friday, reaching $261.03. The company's stock had a trading volume of 1,959,792 shares, compared to its average volume of 2,239,572. The firm has a fifty day moving average of $332.40 and a 200 day moving average of $339.26. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The stock has a market capitalization of $31.49 billion, a PE ratio of 18.85, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued 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 return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm earned $5.29 earnings per share. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. Research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Lululemon Athletica 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.