Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,315 shares of the apparel retailer’s stock after selling 34,952 shares during the quarter. Franklin Resources Inc. owned approximately 0.10% of Lululemon Athletica worth $47,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LULU. Investment Partners Asset Management Inc. purchased a new position in Lululemon Athletica during the fourth quarter valued at $275,000. Lebenthal Global Advisors LLC raised its position in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after purchasing an additional 1,565 shares during the last quarter. Montag A & Associates Inc. lifted its stake in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after buying an additional 3,540 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Lululemon Athletica in the 4th quarter worth about $17,775,000. Finally, Northeast Investment Management purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $276,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

LULU stock opened at $263.70 on Friday. The business’s 50-day moving average is $353.59 and its two-hundred day moving average is $339.47. The firm has a market capitalization of $32.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the company earned $5.29 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LULU shares. Truist Financial lowered their price target on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BTIG Research reduced their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Telsey Advisory Group decreased their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, KeyCorp cut their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $378.31.

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.