Arrowstreet Capital Limited Partnership Acquires 251,015 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Arrowstreet Capital Limited Partnership lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 87.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,441 shares of the apparel retailer's stock after acquiring an additional 251,015 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.44% of Lululemon Athletica worth $206,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LULU. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $275,000. Rockefeller Capital Management L.P. raised its position in Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock valued at $28,070,000 after acquiring an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC lifted its stake in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares during the last quarter. Montag A & Associates Inc. grew its position in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $17,775,000. 85.20% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. Argus cut shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Raymond James restated a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, BMO Capital Markets lowered their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.72.

Lululemon Athletica Price Performance

LULU traded up $3.12 during trading on Wednesday, reaching $282.75. The company had a trading volume of 2,280,337 shares, compared to its average volume of 2,160,310. The company has a market cap of $34.43 billion, a P/E ratio of 20.42, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The business's fifty day moving average price is $360.96 and its 200 day moving average price is $340.47.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $5.29 EPS. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS 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.