Janus Henderson Group PLC Decreases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Janus Henderson Group PLC trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,210 shares of the apparel retailer’s stock after selling 441 shares during the period. Janus Henderson Group PLC’s holdings in Lululemon Athletica were worth $5,818,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $30,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Finally, Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $33,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Up 0.8%

Shares of LULU opened at $321.44 on Monday. The company has a market cap of $38.78 billion, a P/E ratio of 23.21, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm’s 50 day moving average price is $286.02 and its 200 day moving average price is $338.11.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping 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 return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 earnings per share. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Piper Sandler cut their price objective on shares of Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group reduced their target price on shares of Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Finally, BTIG Research dropped their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $368.72.

Lululemon Athletica 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.