Capital World Investors Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital World Investors lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,163,484 shares of the apparel retailer's stock after purchasing an additional 556,406 shares during the quarter. Capital World Investors owned 1.78% of Lululemon Athletica worth $827,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the fourth quarter worth about $32,000. Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $33,000. Finally, Sound Income Strategies LLC grew its stake 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 during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU traded down $2.95 during mid-day trading on Friday, reaching $267.69. 699,785 shares of the company's stock traded hands, compared to its average volume of 2,219,369. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market cap of $32.29 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.22 and a beta of 1.31. The stock's 50-day moving average is $307.99 and its two-hundred day moving average is $338.07.

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

Analyst Upgrades and Downgrades

LULU has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Piper Sandler lowered their target price on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Robert W. Baird decreased their price objective on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $372.28.

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.