Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,397,588 shares of the apparel retailer's stock after purchasing an additional 571,657 shares during the period. Lululemon Athletica makes up about 0.6% of Alliancebernstein L.P.'s investment portfolio, making the stock its 29th largest position. Alliancebernstein L.P. owned approximately 3.61% of Lululemon Athletica worth $1,681,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after buying an additional 44,294 shares in the last quarter. Schroder Investment Management Group increased its position 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 acquiring an additional 421,890 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of Lululemon Athletica in the fourth quarter worth about $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica in the fourth quarter worth about $370,062,000. Finally, Pictet Asset Management Holding SA boosted its holdings in Lululemon Athletica by 20.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer's stock valued at $345,664,000 after purchasing an additional 152,965 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Needham & Company LLC cut their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a report on Thursday. Telsey Advisory Group cut their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Finally, Truist Financial decreased their price target on Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus target price of $380.72.

Lululemon Athletica Price Performance

Shares of LULU traded down $27.53 during trading hours on Thursday, reaching $255.22. 6,699,998 shares of the company's stock traded hands, compared to its average volume of 2,180,126. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The business's fifty day simple moving average is $358.96 and its two-hundred day simple moving average is $340.07. The firm has a market capitalization of $31.08 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.22 and a beta of 1.21.

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