Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,707 shares of the apparel retailer’s stock after selling 1,699 shares during the quarter. Tidal Investments LLC’s holdings in Lululemon Athletica were worth $3,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $30,000. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC raised its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on LULU shares. Oppenheimer raised their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. UBS Group dropped their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Needham & Company LLC cut 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 note on Wednesday, March 26th. Finally, Telsey Advisory Group reduced their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.72.

Lululemon Athletica Trading Up 1.1%

LULU stock opened at $327.17 on Wednesday. The firm has a 50 day moving average of $286.51 and a 200-day moving average of $338.05. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

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