MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,969 shares of the apparel retailer's stock after selling 4,519 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Lululemon Athletica worth $38,612,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in LULU. Price T Rowe Associates Inc. MD boosted its stake 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 during the last quarter. Mawer Investment Management Ltd. bought a new position in Lululemon Athletica during the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica during the 4th quarter valued at $370,062,000. Alliancebernstein L.P. boosted its stake in Lululemon Athletica by 14.9% during 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 acquiring an additional 571,657 shares during the last quarter. Finally, Capital World Investors boosted its stake in Lululemon Athletica by 34.6% during the 4th 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 last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
Lululemon Athletica Trading Up 0.8%
LULU traded up $2.48 on Friday, reaching $321.44. The company had a trading volume of 1,274,923 shares, compared to its average volume of 2,224,158. The company has a fifty day moving average of $286.02 and a 200-day moving average of $337.60. The company has a market capitalization of $38.78 billion, a P/E ratio of 23.21, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) 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 net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.29 EPS. Research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.
Analyst Upgrades and Downgrades
LULU has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Oppenheimer increased their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Robert W. Baird dropped their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of "Moderate Buy" and a consensus price target of $368.72.
Check Out Our Latest Report on Lululemon Athletica
About Lululemon Athletica
(
Free Report)
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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