Public Employees Retirement System of Ohio Acquires 15,566 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Public Employees Retirement System of Ohio grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,659 shares of the apparel retailer's stock after purchasing an additional 15,566 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.10% of Lululemon Athletica worth $46,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Beacon Capital Management LLC lifted its stake in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after purchasing an additional 25 shares during the period. Dnca Finance grew its position in Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after purchasing an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after buying an additional 30 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 1.4%

Shares of NASDAQ LULU traded up $4.27 during midday trading on Thursday, hitting $320.02. 1,441,943 shares of the company's stock were exchanged, compared to its average volume of 2,049,078. The business's fifty day moving average price is $285.68 and its two-hundred day moving average price is $337.94. The company has a market cap of $38.61 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.22 and a beta of 1.30. 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 data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $5.29 earnings per share. Equities analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. BTIG Research dropped their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group decreased their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Argus cut shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average price target of $367.79.

About Lululemon Athletica

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.