BI Asset Management Fondsmaeglerselskab A S Purchases 6,262 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

BI Asset Management Fondsmaeglerselskab A S increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 253.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,737 shares of the apparel retailer's stock after acquiring an additional 6,262 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Lululemon Athletica were worth $4,467,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Lululemon Athletica by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer's stock valued at $2,824,150,000 after purchasing an additional 38,432 shares during the last quarter. Morgan Stanley grew its stake in Lululemon Athletica by 29.2% during the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer's stock worth $746,034,000 after purchasing an additional 437,069 shares during the period. Schroder Investment Management Group lifted its stake in Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer's stock valued at $719,198,000 after buying an additional 310,347 shares during the period. American Century Companies Inc. boosted its holdings in shares of Lululemon Athletica by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer's stock worth $529,756,000 after buying an additional 137,454 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Lululemon Athletica by 4.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer's stock worth $516,362,000 after buying an additional 52,348 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Down 2.4 %

LULU traded down $7.88 during trading hours on Monday, hitting $327.07. The stock had a trading volume of 3,626,472 shares, compared to its average volume of 1,770,704. The stock has a market cap of $41.21 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. Lululemon Athletica Inc. has a 1 year low of $323.66 and a 1 year high of $516.39. The company's fifty day simple moving average is $378.90 and its 200 day simple moving average is $434.37.

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 (EPS) for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.40 earnings per share. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Activity at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LULU shares. Citigroup reduced their price target on shares of Lululemon Athletica from $520.00 to $500.00 and set a "buy" rating for the company in a report on Friday, March 22nd. Wells Fargo & Company decreased their target price on Lululemon Athletica from $450.00 to $425.00 and set an "equal weight" rating for the company in a research report on Friday, March 22nd. TD Cowen cut their price target on Lululemon Athletica from $553.00 to $515.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. Morgan Stanley decreased their price objective on Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Finally, Jefferies Financial Group reduced their price target on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average 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.