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

Prudential PLC reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 59.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LULU. Investment Partners Asset Management Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $275,000. Lebenthal Global Advisors LLC lifted its holdings in Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after purchasing an additional 1,565 shares during the last quarter. Montag A & Associates Inc. boosted its position in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after buying an additional 3,540 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new stake in Lululemon Athletica during the fourth quarter worth about $17,775,000. Finally, Northeast Investment Management acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $276,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $263.70 on Friday. The firm has a market cap of $32.11 billion, a P/E ratio of 19.04, a P/E/G 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 stock’s 50-day moving average is $353.59 and its 200-day moving average is $339.97.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.29 EPS. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BTIG Research decreased their price target on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Truist Financial reduced their price target 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 restated a “market perform” rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. Finally, BMO Capital Markets reduced their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research report on Friday, March 28th. Two equities 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 MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $378.31.

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.