Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Man Group plc

Man Group plc reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 84.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,160 shares of the apparel retailer’s stock after selling 384,112 shares during the quarter. Man Group plc owned 0.06% of Lululemon Athletica worth $26,830,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LULU. Raymond James reiterated a “market perform” rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. BMO Capital Markets lowered their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. Needham & Company LLC decreased their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Evercore ISI upped their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $368.72.

Lululemon Athletica Trading Up 1.0%

NASDAQ LULU opened at $318.96 on Friday. The firm’s fifty day moving average price is $285.98 and its two-hundred day moving average price is $337.48. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a market capitalization of $38.48 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

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