Brevan Howard Capital Management LP Buys Shares of 4,472 Lululemon Athletica Inc. (NASDAQ:LULU)

Brevan Howard Capital Management LP purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,472 shares of the apparel retailer's stock, valued at approximately $1,710,000.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lululemon Athletica by 95.7% in 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 buying an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. grew its holdings in Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

LULU stock traded down $2.54 during trading on Friday, hitting $279.89. The stock had a trading volume of 1,679,982 shares, compared to its average volume of 2,226,906. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company's 50-day moving average price is $288.50 and its two-hundred day moving average price is $337.17. The stock has a market capitalization of $33.77 billion, a P/E ratio of 20.21, a PEG ratio of 2.22 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LULU shares. Truist Financial dropped their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus decreased their price target on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Raymond James restated a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. Finally, Morgan Stanley dropped their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.