Elo Mutual Pension Insurance Co Cuts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Elo Mutual Pension Insurance Co trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,200 shares of the apparel retailer’s stock after selling 625 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Lululemon Athletica were worth $3,901,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $1,330,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth $297,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $219,000. EFG Asset Management North America Corp. lifted its stake in shares of Lululemon Athletica by 90.9% in the fourth quarter. EFG Asset Management North America Corp. now owns 7,228 shares of the apparel retailer’s stock worth $2,765,000 after buying an additional 3,442 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $61,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Guggenheim raised their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley reduced their price target on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group dropped their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Stifel Nicolaus lowered their target price on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Price Performance

Shares of LULU opened at $293.06 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a 50 day simple moving average of $364.63 and a 200-day simple moving average of $338.98. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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

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.