ProShare Advisors LLC Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

ProShare Advisors LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,884 shares of the apparel retailer's stock after purchasing an additional 20,390 shares during the quarter. ProShare Advisors LLC owned 0.12% of Lululemon Athletica worth $57,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Lululemon Athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after buying an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $370,062,000. Alliancebernstein L.P. increased its holdings in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the period. Finally, Capital World Investors increased its holdings in shares of Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 0.7%

LULU stock traded down $2.20 during trading on Wednesday, reaching $324.98. The stock had a trading volume of 460,877 shares, compared to its average volume of 2,204,758. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company's 50 day moving average is $286.51 and its two-hundred day moving average is $338.05. The company has a market capitalization of $39.20 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.22 and a beta of 1.30.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $5.29 EPS. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. BMO Capital Markets dropped their target price on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a research note on Friday, March 28th. Robert W. Baird dropped their price target on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Piper Sandler dropped their price target on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Raymond James reiterated a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $368.72.

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.