lululemon athletica inc. (NASDAQ:LULU) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in lululemon athletica by 10.2%, owning approximately 210,234 shares valued at about $59.5 million.
• Several other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also boosted their positions significantly in lululemon athletica, indicating strong institutional interest in the company.
• Analysts have mixed outlooks for lululemon, with recent price targets adjusted down by firms like Jefferies and Citigroup, while maintaining a consensus rating of "Moderate Buy" with a target price of approximately $329.91.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,234 shares of the apparel retailer's stock after buying an additional 19,470 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of lululemon athletica worth $59,509,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Twin Capital Management Inc. raised its position in lululemon athletica by 58.3% in the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after purchasing an additional 1,354 shares during the period. Narwhal Capital Management raised its holdings in shares of lululemon athletica by 262.7% in the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after buying an additional 13,600 shares during the period. Sawgrass Asset Management LLC purchased a new stake in shares of lululemon athletica in the 1st quarter valued at $9,209,000. WealthPlan Investment Management LLC raised its holdings in shares of lululemon athletica by 26.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock valued at $2,165,000 after buying an additional 1,622 shares during the period. Finally, Flossbach Von Storch SE raised its holdings in shares of lululemon athletica by 10.3% in the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after buying an additional 130,565 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

lululemon athletica stock traded up $6.24 during mid-day trading on Wednesday, reaching $199.17. 2,592,266 shares of the company were exchanged, compared to its average volume of 2,613,569. lululemon athletica inc. has a twelve month low of $185.95 and a twelve month high of $423.32. The firm's 50-day simple moving average is $230.90 and its two-hundred day simple moving average is $290.19. The firm has a market cap of $23.87 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share 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 company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the firm earned $2.54 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated an "equal weight" rating and issued a $280.00 price objective (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Stifel Nicolaus cut their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. UBS Group cut their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. KeyCorp cut their price target on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Finally, Robert W. Baird cut their price target on lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $327.15.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

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.