Korea Investment CORP Sells 25,455 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Korea Investment CORP trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 30.0% during the 4th quarter, HoldingsChannel reports. The firm owned 59,273 shares of the apparel retailer’s stock after selling 25,455 shares during the quarter. Korea Investment CORP’s holdings in Lululemon Athletica were worth $22,667,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. raised its holdings in shares of Lululemon Athletica by 13.1% during the 3rd quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer’s stock worth $834,000 after acquiring an additional 356 shares in the last quarter. Townsquare Capital LLC lifted its position in Lululemon Athletica by 47.9% during the third quarter. Townsquare Capital LLC now owns 2,205 shares of the apparel retailer’s stock valued at $598,000 after purchasing an additional 714 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Lululemon Athletica by 18.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,614 shares of the apparel retailer’s stock worth $438,000 after buying an additional 256 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth about $274,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Lululemon Athletica by 21.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,773 shares of the apparel retailer’s stock valued at $18,390,000 after buying an additional 11,988 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $293.06 on Friday. The stock’s 50-day moving average is $364.63 and its 200 day moving average is $339.62. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The company has a market cap of $35.69 billion, a P/E ratio of 21.16, a PEG 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, topping analysts’ consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion for 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 company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.29 EPS. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on LULU. Telsey Advisory Group dropped their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Citigroup set a $330.00 price target on Lululemon Athletica and gave the stock a “negative” rating in a research report on Friday. KeyCorp cut their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

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.