Toronto Dominion Bank Acquires 12,533 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Toronto Dominion Bank boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,358 shares of the apparel retailer's stock after acquiring an additional 12,533 shares during the period. Toronto Dominion Bank's holdings in Lululemon Athletica were worth $20,787,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of 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 in the last quarter. Alliancebernstein L.P. boosted its holdings in Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Capital World Investors grew its stake in shares of Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of 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 acquiring an additional 421,890 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $323.70 on Tuesday. The company has a market cap of $39.05 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.22 and a beta of 1.30. The firm's fifty day moving average is $286.16 and its two-hundred day moving average is $338.13. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The firm 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 business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.29 earnings per share. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of analyst reports. Telsey Advisory Group dropped their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Citigroup cut their price target on shares of Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Bank of America decreased their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Argus cut shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $368.72.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.