UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $357.52 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 934,919 shares of the apparel retailer's stock after acquiring an additional 89,544 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.77% of Lululemon Athletica worth $357,522,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LULU. Price T Rowe Associates Inc. MD boosted its holdings in Lululemon Athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Lululemon Athletica in the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in Lululemon Athletica in the fourth quarter valued at $370,062,000. Alliancebernstein L.P. raised its stake in Lululemon Athletica by 14.9% during 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. Finally, Capital World Investors lifted its holdings in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares during the period. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Down 2.9%

Shares of Lululemon Athletica stock opened at $317.56 on Thursday. The business has a fifty day simple moving average of $286.64 and a 200 day simple moving average of $337.91. The stock has a market cap of $38.31 billion, a PE ratio of 22.93, a price-to-earnings-growth 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 posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $5.29 EPS. Analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LULU. Argus lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Raymond James reaffirmed a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. Bank of America cut their target price on shares of 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 research report on Monday, March 31st. Finally, Truist Financial cut their price objective on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $368.72.

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.

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