Aviva PLC Sells 2,768 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Aviva PLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,649 shares of the apparel retailer’s stock after selling 2,768 shares during the quarter. Aviva PLC owned approximately 0.06% of Lululemon Athletica worth $25,870,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent analyst reports. Telsey Advisory Group decreased their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. UBS Group dropped their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday. Finally, Morgan Stanley cut their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research note 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $378.31.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $263.70 on Monday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market capitalization of $32.11 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business has a fifty day moving average price of $353.59 and a two-hundred day moving average price of $340.46.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.29 earnings per share. Sell-side analysts anticipate 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.