Voya Investment Management LLC Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Voya Investment Management LLC decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% in the 4th quarter, Holdings Channel reports. The firm owned 30,575 shares of the apparel retailer’s stock after selling 4,111 shares during the period. Voya Investment Management LLC’s holdings in Lululemon Athletica were worth $11,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Lululemon Athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. raised its position in Lululemon Athletica by 14.9% in 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 purchasing an additional 571,657 shares during the last quarter. Geode Capital Management LLC raised its position in Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares during the last quarter. Capital World Investors increased its stake in Lululemon Athletica by 34.6% in the 4th 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 increased 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 valued at $681,163,000 after buying an additional 421,890 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Barclays dropped their price objective 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. Needham & Company LLC dropped their price objective 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, Oppenheimer upped their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

Lululemon Athletica Trading Up 0.2 %

NASDAQ:LULU opened at $268.52 on Tuesday. The firm has a market cap of $32.39 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company’s 50-day moving average is $303.92 and its two-hundred day moving average is $338.84. 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 earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the company earned $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.