Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Axa S.A.

AXA S.A. boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,831 shares of the apparel retailer's stock after purchasing an additional 7,868 shares during the quarter. AXA S.A. owned about 0.06% of Lululemon Athletica worth $29,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $26,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth $32,000. Sound Income Strategies LLC grew its position in shares of Lululemon Athletica by 309.5% during the fourth 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 bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $33,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Down 0.9 %

NASDAQ:LULU traded down $2.54 during mid-day trading on Friday, reaching $279.89. The company's stock had a trading volume of 1,679,982 shares, compared to its average volume of 2,226,906. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The stock has a fifty day moving average of $288.50 and a 200-day moving average of $337.17. The firm has a market capitalization of $33.77 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

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 the consensus estimate of $5.85 by $0.29. The company 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 revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $5.29 earnings per share. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on LULU. Piper Sandler cut their price target on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. BMO Capital Markets cut their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. Barclays decreased their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Bank of America dropped their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, UBS Group decreased their target price on shares of 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 issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $369.86.

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.