TD Waterhouse Canada Inc. Lowers Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

TD Waterhouse Canada Inc. cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,122 shares of the apparel retailer's stock after selling 4,152 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Lululemon Athletica were worth $18,019,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

LULU has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group cut their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday. Citigroup set a $330.00 price objective on Lululemon Athletica and gave the stock a "negative" rating in a research note on Friday, March 28th. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $372.28.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $4.79 during trading hours on Thursday, reaching $270.64. The company had a trading volume of 1,282,924 shares, compared to its average volume of 2,225,361. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a market cap of $32.65 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business has a fifty day simple moving average of $307.99 and a 200 day simple moving average of $338.07.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating 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 company's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $5.29 earnings per share. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.