E Fund Management Co. Ltd. Reduces Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

E Fund Management Co. Ltd. lessened its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,097 shares of the apparel retailer’s stock after selling 942 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Lululemon Athletica were worth $3,117,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Lululemon Athletica by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock worth $2,824,150,000 after purchasing an additional 38,432 shares during the period. Morgan Stanley raised its holdings in shares of Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after buying an additional 437,069 shares during the period. Schroder Investment Management Group lifted its position in shares of Lululemon Athletica by 20.0% during the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Lululemon Athletica by 11.1% in the third quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock worth $529,756,000 after purchasing an additional 137,454 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Lululemon Athletica by 4.1% during the third quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer’s stock worth $516,362,000 after acquiring an additional 52,348 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LULU shares. Truist Financial dropped their price objective on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Robert W. Baird decreased their target price on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a report on Friday, April 19th. 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. TD Cowen lowered their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $474.79.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Price Performance

LULU traded up $7.34 during trading on Thursday, reaching $352.95. 1,769,218 shares of the stock were exchanged, compared to its average volume of 1,740,536. The company has a market capitalization of $44.48 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The business’s 50 day moving average price is $396.53 and its two-hundred day moving average price is $437.09.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the firm earned $4.40 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current 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.