AIA Group Ltd Purchases New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

AIA Group Ltd bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,895 shares of the apparel retailer's stock, valued at approximately $1,872,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in Lululemon Athletica by 39.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,093 shares of the apparel retailer's stock worth $2,712,000 after buying an additional 2,011 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $523,520,000. RWA Wealth Partners LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $244,000. Schroder Investment Management Group lifted its holdings in shares of Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after purchasing an additional 421,890 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Lululemon Athletica by 87.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 539,441 shares of the apparel retailer's stock valued at $206,288,000 after purchasing an additional 251,015 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LULU shares. UBS Group dropped their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. BMO Capital Markets reduced their price objective on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a research report on Friday, March 28th. Oppenheimer lifted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Robert W. Baird upped their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $380.72.

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Lululemon Athletica Trading Down 9.6 %

Shares of NASDAQ:LULU traded down $27.10 on Thursday, hitting $255.65. The company had a trading volume of 7,592,943 shares, compared to its average volume of 2,182,035. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 2.22 and a beta of 1.21. The stock has a 50 day moving average price of $358.96 and a 200 day moving average price of $340.07. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

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

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.