Desjardins Global Asset Management Inc. Has $258,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Desjardins Global Asset Management Inc. lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 93.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 504 shares of the apparel retailer’s stock after selling 6,786 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Lululemon Athletica were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LULU. MetLife Investment Management LLC acquired a new stake in Lululemon Athletica in the first quarter valued at approximately $2,696,000. Panagora Asset Management Inc. lifted its holdings in shares of Lululemon Athletica by 48.4% during the first quarter. Panagora Asset Management Inc. now owns 1,647 shares of the apparel retailer’s stock worth $602,000 after purchasing an additional 537 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 2.5% during the first quarter. Yousif Capital Management LLC now owns 4,022 shares of the apparel retailer’s stock worth $1,469,000 after purchasing an additional 100 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Lululemon Athletica by 6.5% during the first quarter. Raymond James Trust N.A. now owns 1,251 shares of the apparel retailer’s stock worth $457,000 after purchasing an additional 76 shares during the period. Finally, Prudential PLC acquired a new position in shares of Lululemon Athletica during the first quarter worth $774,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Guggenheim cut their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. KeyCorp cut their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Robert W. Baird boosted their target price on shares of Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Piper Sandler dropped their target price on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $485.39.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $347.51 on Friday. The firm has a 50-day moving average of $422.44 and a 200-day moving average of $438.62. The company has a market cap of $43.79 billion, a PE ratio of 28.46, a PEG ratio of 1.22 and a beta of 1.30. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.40 earnings per share. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share 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.