AQR Capital Management LLC Boosts Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

AQR Capital Management LLC boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 75.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,583 shares of the apparel retailer's stock after purchasing an additional 61,460 shares during the quarter. AQR Capital Management LLC owned 0.12% of Lululemon Athletica worth $54,496,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TCTC Holdings LLC bought a new position in Lululemon Athletica in the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $32,000. Sound Income Strategies LLC boosted its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

LULU traded up $1.19 during trading on Monday, hitting $278.55. 1,329,902 shares of the stock traded hands, compared to its average volume of 2,227,891. The firm has a market capitalization of $33.60 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The firm has a 50-day moving average of $296.48 and a 200 day moving average of $338.39. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 earnings per share. The firm's revenue for the quarter 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 fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LULU. Raymond James reaffirmed a "market perform" rating and set a $430.00 price target on shares of Lululemon Athletica in a research note on Friday, March 28th. Telsey Advisory Group cut their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. KeyCorp lowered their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Robert W. Baird cut their price objective on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, UBS Group decreased their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price 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.