Logan Capital Management Inc. Reduces Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Logan Capital Management Inc. reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,903 shares of the apparel retailer’s stock after selling 3,785 shares during the quarter. Logan Capital Management Inc.’s holdings in Lululemon Athletica were worth $12,582,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LULU. Price T Rowe Associates Inc. MD raised its position in Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after acquiring an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Capital World Investors lifted its stake in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after buying an additional 556,406 shares during the period. Finally, Schroder Investment Management Group grew its stake in Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LULU shares. Telsey Advisory Group lowered their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Needham & Company LLC reduced their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Barclays cut their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus decreased their price target on shares of Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial cut their price objective on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $369.86.

Lululemon Athletica Stock Down 0.9%

Shares of LULU stock opened at $279.89 on Monday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a 50-day moving average price of $288.50 and a 200 day moving average price of $337.74. The company has a market capitalization of $33.77 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the firm earned $5.29 EPS. The company’s revenue was up 12.3% on a year-over-year basis. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share 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.