Mitsubishi UFJ Asset Management Co. Ltd. Acquires 58,939 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 75.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,331 shares of the apparel retailer's stock after purchasing an additional 58,939 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Lululemon Athletica worth $68,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Daymark Wealth Partners LLC boosted its stake in shares of Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer's stock worth $293,000 after buying an additional 21 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer's stock valued at $612,000 after purchasing an additional 22 shares during the period. Pinnacle Financial Partners Inc increased its position in shares of Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer's stock valued at $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer's stock worth $97,000 after purchasing an additional 25 shares during the period. Finally, Herbst Group LLC boosted its holdings in shares of Lululemon Athletica by 1.1% in the fourth quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer's stock worth $1,473,000 after buying an additional 30 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LULU shares. JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating on the stock in a research report on Friday, March 22nd. Evercore ISI decreased their price objective on Lululemon Athletica from $575.00 to $515.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. BNP Paribas lowered shares of Lululemon Athletica from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $430.00 to $415.00 in a research note on Friday, February 9th. Wedbush reduced their price target on shares of Lululemon Athletica from $548.00 to $492.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Finally, HSBC dropped their price objective on shares of Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $474.79.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded up $5.19 during midday trading on Tuesday, hitting $352.35. The company's stock had a trading volume of 1,227,709 shares, compared to its average volume of 1,728,540. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The company has a market cap of $44.40 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. The business's 50 day simple moving average is $387.70 and its 200 day simple moving average is $435.74.

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