World Investment Advisors Trims Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

World Investment Advisors trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 91.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,533 shares of the apparel retailer's stock after selling 50,886 shares during the quarter. World Investment Advisors' holdings in Lululemon Athletica were worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Public Sector Pension Investment Board lifted its position in Lululemon Athletica by 18.3% in the third quarter. Public Sector Pension Investment Board now owns 5,179 shares of the apparel retailer's stock valued at $1,405,000 after buying an additional 800 shares during the last quarter. HighTower Advisors LLC increased its stake in Lululemon Athletica by 479.0% in the third quarter. HighTower Advisors LLC now owns 48,908 shares of the apparel retailer's stock valued at $13,337,000 after purchasing an additional 61,812 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Lululemon Athletica by 2.4% during the third quarter. Royal London Asset Management Ltd. now owns 64,716 shares of the apparel retailer's stock worth $17,561,000 after purchasing an additional 1,531 shares during the last quarter. Quantinno Capital Management LP increased 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 worth $2,616,000 after buying an additional 3,755 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Lululemon Athletica during the 3rd quarter worth $1,863,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

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Lululemon Athletica Price Performance

Shares of LULU stock traded down $21.75 on Thursday, hitting $252.09. 1,763,734 shares of the stock traded hands, compared to its average volume of 2,231,447. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a 50 day simple moving average of $338.57 and a two-hundred day simple moving average of $339.30. The firm has a market cap of $30.41 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned $5.29 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on LULU shares. BTIG Research reduced their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Piper Sandler reduced their target price on Lululemon Athletica from $340.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Telsey Advisory Group decreased their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, Needham & Company LLC dropped their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average price target of $373.00.

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.