Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1,325.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,891 shares of the apparel retailer's stock after purchasing an additional 40,812 shares during the quarter. Lululemon Athletica comprises 1.1% of Dana Investment Advisors Inc.'s holdings, making the stock its 23rd biggest position. Dana Investment Advisors Inc.'s holdings in Lululemon Athletica were worth $22,441,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 51,219.6% during the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer's stock worth $351,868,000 after purchasing an additional 686,855 shares during the period. Morgan Stanley boosted its stake in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer's stock valued at $746,034,000 after purchasing an additional 437,069 shares during the period. Schroder Investment Management Group increased its position in Lululemon Athletica by 20.0% during the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer's stock worth $719,198,000 after acquiring an additional 310,347 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Lululemon Athletica by 61.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 653,391 shares of the apparel retailer's stock valued at $334,072,000 after buying an additional 249,232 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth approximately $71,483,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded up $0.01 during mid-day trading on Friday, hitting $352.96. The company had a trading volume of 1,390,923 shares, compared to its average volume of 1,756,889. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The firm has a fifty day moving average price of $389.77 and a 200 day moving average price of $435.76. The company has a market capitalization of $44.48 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

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, beating the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business's revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.40 earnings per share. Research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares of the company's stock, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of several analyst reports. HSBC cut their target price on Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Robert W. Baird dropped their target price on shares of Lululemon Athletica from $555.00 to $505.00 and set an "outperform" rating for the company in a research report on Friday, April 19th. Guggenheim reduced their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. TD Cowen reduced their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Finally, Jefferies Financial Group reduced their price target on Lululemon Athletica from $300.00 to $240.00 and set an "underperform" rating for the company in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $474.79.

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.