Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 577.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,240 shares of the apparel retailer's stock after purchasing an additional 64,128 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Lululemon Athletica worth $27,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake 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 acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Schroder Investment Management Group grew its position in 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 during the last quarter. Mawer Investment Management Ltd. bought a new stake in Lululemon Athletica during the 4th quarter valued at about $523,520,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica in the fourth quarter worth about $370,062,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LULU. JPMorgan Chase & Co. reduced their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday. Telsey Advisory Group reduced their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Oppenheimer upped their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Bank of America reduced their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Piper Sandler lowered their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $371.72.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded down $2.56 during midday trading on Tuesday, hitting $257.20. 533,465 shares of the company's stock were exchanged, compared to its average volume of 2,229,587. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market cap of $31.03 billion, a PE ratio of 18.57, a P/E/G ratio of 2.22 and a beta of 1.31. The firm has a 50-day moving average of $329.34 and a two-hundred day moving average of $339.62.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during 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 revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.29 EPS. As a group, equities analysts expect 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.