Capital International Inc. CA Increases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital International Inc. CA increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 108.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,328 shares of the apparel retailer's stock after purchasing an additional 6,400 shares during the period. Capital International Inc. CA's holdings in Lululemon Athletica were worth $4,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Beacon Capital Management LLC increased its holdings in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after acquiring an additional 26 shares during the period. Dnca Finance boosted its stake in shares of Lululemon Athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 26 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after acquiring an additional 28 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Needham & Company LLC lowered their price target on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Piper Sandler dropped their price target on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BMO Capital Markets decreased their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. Finally, Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $372.28.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $2.74 during midday trading on Friday, reaching $267.90. 1,422,240 shares of the company's stock were exchanged, compared to its average volume of 2,224,868. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 1.31. 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 simple moving average is $305.90 and its two-hundred day simple moving average is $338.01.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 during the quarter, compared to analysts' expectations of $3.59 billion. During the same period last year, the business earned $5.29 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.