2,360 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,360 shares of the apparel retailer's stock, valued at approximately $902,000.

A number of other large investors have also recently modified their holdings of LULU. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $275,000. Nutshell Asset Management Ltd acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $956,000. Lebenthal Global Advisors LLC boosted its holdings in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares in the last quarter. Montag A & Associates Inc. raised its position in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new position in Lululemon Athletica during the 4th quarter worth $17,775,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

NASDAQ:LULU traded down $2.74 during mid-day trading on Friday, reaching $267.90. The stock had a trading volume of 1,422,240 shares, compared to its average volume of 2,228,853. The firm has a market capitalization of $32.32 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The business has a 50 day simple moving average of $305.90 and a 200 day simple moving average of $338.91.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.29 EPS. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LULU shares. Citigroup set a $330.00 price target on Lululemon Athletica and gave the stock a "negative" rating in a report on Friday, March 28th. Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Needham & Company LLC decreased their target price on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Truist Financial decreased their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $372.28.

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.