Mufg Securities Americas Inc. Invests $638,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Mufg Securities Americas Inc. bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,668 shares of the apparel retailer's stock, valued at approximately $638,000.

Several other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in Lululemon Athletica by 95.7% in the fourth 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 during the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the 4th quarter valued at $370,062,000. Alliancebernstein L.P. raised its position 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 valued at $1,681,682,000 after purchasing an additional 571,657 shares during the period. Finally, Capital World Investors boosted its position 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 worth $827,338,000 after buying an additional 556,406 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LULU. KeyCorp dropped their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Telsey Advisory Group dropped their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Truist Financial lowered their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler cut their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, UBS Group lowered their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $368.72.

Lululemon Athletica Trading Up 0.7%

Shares of NASDAQ:LULU traded up $2.26 on Monday, hitting $323.70. The company had a trading volume of 1,700,938 shares, compared to its average volume of 2,220,628. The company has a market cap of $39.05 billion, a PE ratio of 23.37, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The business has a 50 day moving average of $286.02 and a 200 day moving average of $338.11.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $5.29 EPS. The firm's revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

About Lululemon Athletica

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.