Gotham Asset Management LLC Sells 3,360 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Gotham Asset Management LLC trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,945 shares of the apparel retailer’s stock after selling 3,360 shares during the quarter. Gotham Asset Management LLC owned about 0.05% of Lululemon Athletica worth $24,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. bought a new position in shares of Lululemon Athletica in the 4th quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica in the 4th quarter valued at $370,062,000. Alliancebernstein L.P. increased its position in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Finally, Capital World Investors increased its holdings in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LULU. Bank of America lowered their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 28th. The Goldman Sachs Group dropped their target price on shares of Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler decreased their price target on shares of Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Finally, UBS Group reduced their price objective on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $369.86.

Lululemon Athletica Trading Down 0.9 %

Shares of LULU opened at $279.89 on Friday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The company has a market cap of $33.77 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock has a 50-day moving average price of $288.50 and a 200-day moving average price of $337.17.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business posted $5.29 earnings per share. Lululemon Athletica’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.