Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Trimmed by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 93.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 504 shares of the apparel retailer’s stock after selling 6,786 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Lululemon Athletica were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Alliancebernstein L.P. grew its position in Lululemon Athletica by 1,462.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock worth $413,914,000 after purchasing an additional 1,023,578 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Lululemon Athletica by 51,219.6% during the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock valued at $351,868,000 after buying an additional 686,855 shares during the period. Morgan Stanley boosted its stake in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after buying an additional 437,069 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of Lululemon Athletica by 7,310.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after buying an additional 359,402 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after buying an additional 310,347 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays decreased their target price on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Truist Financial decreased their target price on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Evercore ISI decreased their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Raymond James lifted their price objective on shares of Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Finally, HSBC reduced their price objective on shares of Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $485.39.

Lululemon Athletica Stock Up 0.8 %

NASDAQ LULU opened at $347.51 on Friday. The stock has a market cap of $43.79 billion, a P/E ratio of 28.46, a PEG ratio of 1.22 and a beta of 1.30. The company’s 50-day simple moving average is $422.44 and its 200 day simple moving average is $438.62. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.40 earnings per share. Research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

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.