Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,801 shares of the apparel retailer's stock after acquiring an additional 799 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Lululemon Athletica were worth $1,836,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC raised its holdings in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Stock Up 0.7%

Shares of LULU traded up $2.26 during midday trading on Monday, hitting $323.70. The company had a trading volume of 1,700,938 shares, compared to its average volume of 2,220,628. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company's 50 day moving average price is $286.02 and its 200 day moving average price is $338.11. The stock has a market cap of $39.05 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.29 EPS. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on LULU shares. Stifel Nicolaus lowered their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 10th. KeyCorp cut their price target on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Raymond James reissued a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note 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. Finally, Truist Financial lowered their price target 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average price target of $368.72.

About Lululemon Athletica

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.