PKO Investment Management Joint Stock Co Invests $1.91 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

PKO Investment Management Joint Stock Co acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,000 shares of the apparel retailer's stock, valued at approximately $1,912,000.

A number of other hedge funds have also recently bought and sold shares of LULU. Price T Rowe Associates Inc. MD grew its stake in Lululemon Athletica by 95.7% during 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 purchasing an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $370,062,000. Alliancebernstein L.P. raised its position in shares of Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Finally, Capital World Investors raised its position in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Stock Down 1.2%

LULU stock traded down $3.66 during trading on Friday, reaching $313.43. 3,649,987 shares of the company's stock were exchanged, compared to its average volume of 2,170,452. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The company's fifty day moving average price is $284.85 and its 200-day moving average price is $337.88. The firm has a market cap of $37.81 billion, a PE ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 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 company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of several research reports. KeyCorp dropped their price target on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Robert W. Baird dropped their price target on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Telsey Advisory Group dropped their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. UBS Group dropped 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. Finally, BTIG Research dropped their price target on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and a consensus target price of $369.52.

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.