USS Investment Management Ltd Has $8.84 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

USS Investment Management Ltd trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 19.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,111 shares of the apparel retailer’s stock after selling 5,554 shares during the period. USS Investment Management Ltd’s holdings in Lululemon Athletica were worth $8,840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC raised its stake in Lululemon Athletica by 113.5% during the 4th quarter. Merit Financial Group LLC now owns 1,687 shares of the apparel retailer’s stock worth $645,000 after buying an additional 897 shares during the period. HB Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 15.4% in the fourth quarter. HB Wealth Management LLC now owns 2,436 shares of the apparel retailer’s stock worth $932,000 after acquiring an additional 325 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $229,000. Diversify Wealth Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $229,000. Finally, Ballentine Partners LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $289,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

LULU stock opened at $317.56 on Thursday. The stock has a market cap of $38.31 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a fifty day moving average price of $286.64 and a two-hundred day moving average price of $337.91. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.29 EPS. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of research reports. BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on shares of Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on shares of Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Piper Sandler dropped their price target on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial cut their price target on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.72.

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.