lululemon athletica inc. (NASDAQ:LULU) Stock Holdings Raised by Bender Robert & Associates

Bender Robert & Associates increased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 44,961 shares of the apparel retailer's stock after acquiring an additional 7,028 shares during the quarter. lululemon athletica comprises 3.2% of Bender Robert & Associates' investment portfolio, making the stock its 9th largest holding. Bender Robert & Associates' holdings in lululemon athletica were worth $12,727,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in 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 worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. bought a new position in lululemon athletica in the 4th quarter worth about $523,520,000. Diamond Hill Capital Management Inc. bought a new position in lululemon athletica in the 4th quarter worth about $370,062,000. Alliancebernstein L.P. boosted its stake in lululemon athletica by 14.9% in the 4th 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 period. Finally, GAMMA Investing LLC boosted its stake in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after purchasing an additional 561,491 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. Piper Sandler lifted their price target on lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Needham & Company LLC dropped their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. BMO Capital Markets dropped their price target on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research report on Friday, June 6th. Finally, Raymond James Financial reiterated a "market perform" rating and set a $430.00 price target on shares of lululemon athletica in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Price Performance

lululemon athletica stock traded down $6.55 during trading hours on Thursday, reaching $228.65. The company had a trading volume of 4,666,313 shares, compared to its average volume of 2,242,464. The company has a 50-day moving average price of $282.95 and a 200 day moving average price of $333.84. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 2.10 and a beta of 1.26. lululemon athletica inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the firm earned $2.54 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica Company 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.