Westwood Holdings Group Inc. Acquires 9,226 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Westwood Holdings Group Inc. increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,638 shares of the apparel retailer's stock after purchasing an additional 9,226 shares during the period. Westwood Holdings Group Inc.'s holdings in Lululemon Athletica were worth $17,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Lululemon Athletica by 95.7% during the 4th 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 acquiring an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $370,062,000. Alliancebernstein L.P. boosted its holdings in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Finally, Capital World Investors boosted its stake in Lululemon Athletica by 34.6% in 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 in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $323.70 on Tuesday. The company has a market cap of $39.05 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.22 and a beta of 1.30. The stock has a 50 day simple moving average of $286.16 and a 200-day simple moving average of $338.13. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released 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 net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm earned $5.29 EPS. The company's revenue for the quarter was up 12.3% on a year-over-year basis. Analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Bank of America lowered 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. Needham & Company LLC lowered their price target on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Argus downgraded Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Evercore ISI raised their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Barclays lowered their target price on shares of Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus 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.

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