Sit Investment Associates Inc. Sells 525 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Sit Investment Associates Inc. lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,714 shares of the apparel retailer’s stock after selling 525 shares during the quarter. Sit Investment Associates Inc.’s holdings in Lululemon Athletica were worth $5,244,000 at the end of the most recent quarter.

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

Lululemon Athletica Stock Up 3.1 %

Lululemon Athletica stock opened at $263.70 on Friday. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31. The business has a 50-day simple moving average of $353.59 and a 200 day simple moving average of $339.97. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.29 earnings per share. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Barclays cut their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Bank of America reduced their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Robert W. Baird lowered their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.31.

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.