Price T Rowe Associates Inc. MD Has $1.85 Billion Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Price T Rowe Associates Inc. MD increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,848,613 shares of the apparel retailer's stock after purchasing an additional 2,371,079 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.98% of Lululemon Athletica worth $1,854,160,000 as of its most recent SEC filing.

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

Lululemon Athletica Price Performance

LULU traded down $0.68 on Monday, hitting $267.22. 488,260 shares of the stock were exchanged, compared to its average volume of 2,221,975. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The business has a 50-day moving average of $305.90 and a two-hundred day moving average of $338.91.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LULU shares. UBS Group cut their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Needham & Company LLC reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the company a "negative" rating in a research report on Friday, March 28th. Finally, Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.