Baird Financial Group Inc. Buys 1,688 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Baird Financial Group Inc. grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 58,779 shares of the apparel retailer's stock after acquiring an additional 1,688 shares during the period. Baird Financial Group Inc.'s holdings in Lululemon Athletica were worth $22,478,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LULU. TCTC Holdings LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the 4th quarter worth approximately $32,000. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LULU. Needham & Company LLC lowered their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. BTIG Research dropped their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Oppenheimer raised their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Robert W. Baird dropped their price target on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Finally, William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $369.86.

Lululemon Athletica Trading Down 0.9 %

Shares of NASDAQ:LULU traded down $2.54 during mid-day trading on Friday, reaching $279.89. The company had a trading volume of 1,679,982 shares, compared to its average volume of 2,226,906. The company's 50-day moving average price is $288.50 and its 200-day moving average price is $337.17. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a market cap of $33.77 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.22 and a beta of 1.30.

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 company 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 company earned $5.29 EPS. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.