IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 646 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,853 shares of the apparel retailer’s stock after selling 646 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Lululemon Athletica were worth $1,473,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LULU. LM Advisors LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $205,000. NEOS Investment Management LLC increased its position in Lululemon Athletica by 18.7% in the 4th quarter. NEOS Investment Management LLC now owns 12,734 shares of the apparel retailer’s stock valued at $4,870,000 after acquiring an additional 2,008 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Lululemon Athletica by 5.6% in the fourth quarter. UniSuper Management Pty Ltd now owns 9,296 shares of the apparel retailer’s stock worth $3,555,000 after acquiring an additional 493 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $1,330,000. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $297,000. Institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LULU. KeyCorp lifted their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Evercore ISI lifted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Stifel Nicolaus restated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Oppenheimer lifted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $341.53 on Friday. The company’s fifty day moving average price is $366.25 and its 200-day moving average price is $338.67. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $5.29 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 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.