Rhumbline Advisers Acquires 6,441 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Rhumbline Advisers grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,260 shares of the apparel retailer's stock after purchasing an additional 6,441 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Lululemon Athletica worth $60,648,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at $275,000. Nutshell Asset Management Ltd bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $956,000. Montag A & Associates Inc. boosted its holdings in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after acquiring an additional 3,540 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $17,775,000. Finally, Northeast Investment Management bought a new stake in Lululemon Athletica in the fourth quarter valued at approximately $276,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. The Goldman Sachs Group decreased their target price on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Bank of America cut their target price on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Evercore ISI upped their price target on Lululemon Athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Truist Financial cut their price target on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of "Moderate Buy" and an average price target of $367.10.

Lululemon Athletica Trading Up 0.1%

LULU stock traded up $0.28 during midday trading on Wednesday, hitting $335.19. The company's stock had a trading volume of 2,289,625 shares, compared to its average volume of 2,165,760. The firm's 50-day moving average is $284.42 and its 200-day moving average is $338.00. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market cap of $40.44 billion, a PE ratio of 24.20, a P/E/G ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. 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.