World Investment Advisors Reduces Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

World Investment Advisors cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 91.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,533 shares of the apparel retailer’s stock after selling 50,886 shares during the period. World Investment Advisors’ holdings in Lululemon Athletica were worth $1,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LULU has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Truist Financial decreased their target price on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.31.

Lululemon Athletica Trading Up 3.1 %

LULU stock opened at $263.70 on Friday. The company’s 50-day moving average price is $353.59 and its 200 day moving average price is $339.97. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a market cap of $32.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company earned $5.29 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Lululemon Athletica 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.