Ameriprise Financial Inc. Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Ameriprise Financial Inc. boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 128.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 706,300 shares of the apparel retailer's stock after buying an additional 396,732 shares during the period. Ameriprise Financial Inc. owned approximately 0.58% of Lululemon Athletica worth $270,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. Price T Rowe Associates Inc. MD raised its stake in shares of Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Alliancebernstein L.P. increased its position in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after buying an additional 571,657 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after buying an additional 10,461 shares in the last quarter. Capital World Investors boosted its position in shares of Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares during the period. Finally, Schroder Investment Management Group grew its stake in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after acquiring an additional 421,890 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $278.55 on Tuesday. The firm has a market cap of $33.60 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.22 and a beta of 1.30. The business's 50 day moving average price is $294.74 and its 200-day moving average price is $338.30. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm earned $5.29 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on LULU. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Barclays dropped their price objective on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Citigroup lowered their price target on Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, BTIG Research lowered their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $369.86.

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.

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