Ensign Peak Advisors Inc Decreases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Ensign Peak Advisors Inc cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 66.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,356 shares of the apparel retailer’s stock after selling 75,194 shares during the period. Ensign Peak Advisors Inc’s holdings in Lululemon Athletica were worth $14,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Lululemon Athletica by 61.2% during the 3rd quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer’s stock worth $67,885,000 after purchasing an additional 94,997 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Lululemon Athletica by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer’s stock worth $5,903,000 after buying an additional 159 shares in the last quarter. Graypoint LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth $221,000. Czech National Bank increased its stake in shares of Lululemon Athletica by 4.5% in the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock worth $9,366,000 after buying an additional 1,064 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at $727,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

LULU opened at $279.89 on Monday. The stock’s 50 day moving average price is $288.50 and its 200 day moving average price is $337.74. The stock has a market cap of $33.77 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for 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%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $5.29 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LULU shares. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Wells Fargo & Company decreased their price target on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC cut their price objective on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. KeyCorp reduced their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, The Goldman Sachs Group decreased their target price on Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $369.86.

About Lululemon Athletica

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.