Russell Investments Group Ltd. Grows Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Russell Investments Group Ltd. grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,210 shares of the apparel retailer's stock after buying an additional 24,556 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.13% of Lululemon Athletica worth $83,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LULU. Valley National Advisers Inc. boosted its holdings in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer's stock worth $25,000 after buying an additional 42 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica during the third quarter worth about $27,000. Bogart Wealth LLC boosted its holdings in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock worth $29,000 after buying an additional 54 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica during the fourth quarter worth about $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on LULU shares. Jefferies Financial Group reduced their target price on Lululemon Athletica from $300.00 to $240.00 and set an "underperform" rating on the stock in a report on Thursday, April 4th. Morgan Stanley cut their price objective on Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Guggenheim cut their price objective on Lululemon Athletica from $550.00 to $525.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Oppenheimer reiterated an "outperform" rating and set a $445.00 price objective (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Finally, KeyCorp cut their price objective on Lululemon Athletica from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $481.96.

Lululemon Athletica Trading Up 1.3 %

Shares of NASDAQ:LULU traded up $4.70 during trading on Friday, hitting $364.70. 1,234,535 shares of the company were exchanged, compared to its average volume of 2,023,414. The stock has a market cap of $45.96 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The firm has a fifty day moving average price of $410.57 and a two-hundred day moving average price of $439.16.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.40 EPS. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares of the company's stock, valued at $194,645. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

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.