NN Investment Partners Holdings N.V. Sells 3,957 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

NN Investment Partners Holdings N.V. reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,157 shares of the apparel retailer’s stock after selling 3,957 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Lululemon Athletica were worth $11,800,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Lululemon Athletica by 6.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,628,764 shares of the apparel retailer’s stock worth $3,149,240,000 after purchasing an additional 540,785 shares during the period. BlackRock Inc. increased its stake in Lululemon Athletica by 2.3% in the 3rd quarter. BlackRock Inc. now owns 6,721,624 shares of the apparel retailer’s stock worth $2,720,240,000 after purchasing an additional 153,852 shares during the period. WCM Investment Management LLC increased its stake in Lululemon Athletica by 0.7% in the 3rd quarter. WCM Investment Management LLC now owns 5,475,271 shares of the apparel retailer’s stock worth $2,215,842,000 after purchasing an additional 40,332 shares during the period. State Street Corp increased its stake in Lululemon Athletica by 3.8% in the 2nd quarter. State Street Corp now owns 2,811,232 shares of the apparel retailer’s stock worth $1,026,015,000 after purchasing an additional 104,024 shares during the period. Finally, Geode Capital Management LLC increased its stake in Lululemon Athletica by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,497,307 shares of the apparel retailer’s stock worth $545,626,000 after purchasing an additional 37,785 shares during the period. 81.56% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the company. MKM Partners lifted their price target on Lululemon Athletica from $468.00 to $485.00 and gave the stock a “buy” rating in a research note on Friday, December 10th. B. Riley reduced their target price on Lululemon Athletica from $548.00 to $487.00 in a research note on Friday, January 7th. Cowen reduced their target price on Lululemon Athletica from $523.00 to $491.00 and set an “outperform” rating on the stock in a research note on Wednesday. Truist reduced their target price on Lululemon Athletica from $435.00 to $386.00 in a research note on Tuesday. Finally, BTIG Research reduced their target price on Lululemon Athletica from $490.00 to $489.00 in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $448.96.

Lululemon Athletica stock opened at $336.27 on Friday. The business’s fifty day simple moving average is $418.16 and its two-hundred day simple moving average is $409.21. Lululemon Athletica Inc. has a 12 month low of $269.28 and a 12 month high of $485.83. The company has a market capitalization of $43.48 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 9th. The apparel retailer reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.21. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Lululemon Athletica had a return on equity of 34.83% and a net margin of 14.86%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 earnings per share. On average, equities analysts expect that Lululemon Athletica Inc. will post 7.71 EPS for the current fiscal year.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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