Curi RMB Capital LLC Purchases Shares of 1,652 Lululemon Athletica Inc. (NASDAQ:LULU)

Curi RMB Capital LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,652 shares of the apparel retailer's stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $370,062,000. Alliancebernstein L.P. grew 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 worth $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after purchasing an additional 421,890 shares during the period. Finally, Norges Bank bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $142,235,000. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LULU. Morgan Stanley reduced their target price on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Raymond James reaffirmed a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a research report on Friday, March 28th. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. 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 report on Wednesday, March 26th. Finally, Stifel Nicolaus cut their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $372.28.

Lululemon Athletica Trading Up 1.8 %

Shares of NASDAQ LULU traded up $4.79 during mid-day trading on Thursday, reaching $270.64. The company had a trading volume of 1,282,924 shares, compared to its average volume of 2,225,361. The stock has a market cap of $32.65 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The business's 50-day moving average is $309.91 and its 200-day moving average is $338.09.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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 company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.29 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.