Asset Management One Co. Ltd. Buys 2,524 Shares of lululemon athletica inc. (NASDAQ:LULU)

Asset Management One Co. Ltd. increased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 5.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,703 shares of the apparel retailer's stock after buying an additional 2,524 shares during the quarter. Asset Management One Co. Ltd.'s holdings in lululemon athletica were worth $13,220,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LULU. Price T Rowe Associates Inc. MD boosted its position in lululemon athletica by 95.7% during the fourth 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 during the last quarter. Alliancebernstein L.P. boosted its position in lululemon athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Geode Capital Management LLC boosted its position in lululemon athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after purchasing an additional 10,461 shares during the last quarter. Capital World Investors boosted its position in lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in lululemon athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after purchasing an additional 421,890 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Price Performance

lululemon athletica stock traded up $3.44 during mid-day trading on Friday, reaching $235.02. 6,198,966 shares of the company were exchanged, compared to its average volume of 2,293,727. The company has a fifty day simple moving average of $279.84 and a 200-day simple moving average of $328.40. lululemon athletica inc. has a 12 month low of $219.97 and a 12 month high of $423.32. The firm has a market cap of $28.17 billion, a PE ratio of 15.92, a PEG ratio of 2.13 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the company earned $2.54 EPS. The company's revenue was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of several recent research reports. CICC Research reissued a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. Evercore ISI raised their price objective on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Robert W. Baird cut their price objective on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Raymond James Financial reaffirmed a "market perform" rating and issued a $430.00 price objective on shares of lululemon athletica in a research report on Friday, March 28th. Finally, Cfra Research raised lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

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.