Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,946 shares of the apparel retailer’s stock after selling 1,145 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Lululemon Athletica were worth $2,657,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC increased its stake in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $370,062,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 1.2 %

Lululemon Athletica stock opened at $279.63 on Wednesday. The firm has a market capitalization of $34.05 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.22 and a beta of 1.21. The stock’s fifty day simple moving average is $360.96 and its 200-day simple moving average is $340.47. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Raymond James restated a “market perform” rating and issued a $430.00 price objective on shares of Lululemon Athletica in a report on Friday, March 28th. Morgan Stanley lowered their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group cut 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. Piper Sandler dropped their price target on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $380.72.

About Lululemon Athletica

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.