Prudential PLC Sells 15,039 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Prudential PLC lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 59.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,354 shares of the apparel retailer’s stock after selling 15,039 shares during the period. Prudential PLC’s holdings in Lululemon Athletica were worth $3,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its position in Lululemon Athletica by 18.3% during the third quarter. Public Sector Pension Investment Board now owns 5,179 shares of the apparel retailer’s stock valued at $1,405,000 after purchasing an additional 800 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Lululemon Athletica by 479.0% in the 3rd quarter. HighTower Advisors LLC now owns 48,908 shares of the apparel retailer’s stock valued at $13,337,000 after buying an additional 61,812 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Lululemon Athletica by 2.4% in the third quarter. Royal London Asset Management Ltd. now owns 64,716 shares of the apparel retailer’s stock valued at $17,561,000 after buying an additional 1,531 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Lululemon Athletica by 63.8% during the third quarter. Quantinno Capital Management LP now owns 9,642 shares of the apparel retailer’s stock worth $2,616,000 after buying an additional 3,755 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Lululemon Athletica during the third quarter worth $1,863,000. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Argus cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Barclays cut their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Needham & Company LLC reduced their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Morgan Stanley dropped their price target on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, Wells Fargo & Company reduced 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 report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $378.31.

Lululemon Athletica Trading Up 3.1 %

Shares of NASDAQ:LULU opened at $263.70 on Friday. The firm has a 50 day moving average of $353.59 and a 200-day moving average of $339.97. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market capitalization of $32.11 billion, a PE ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 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 the consensus estimate of $3.59 billion. During the same period in the previous year, the business earned $5.29 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.