Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Capital International Inc. CA

Capital International Inc. CA grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 108.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,328 shares of the apparel retailer's stock after buying an additional 6,400 shares during the period. Capital International Inc. CA's holdings in Lululemon Athletica were worth $4,714,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mawer Investment Management Ltd. purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Alliancebernstein L.P. raised its stake in shares of Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Capital World Investors lifted its holdings in shares of Lululemon Athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Lululemon Athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after buying an additional 421,890 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on LULU. Barclays cut their price objective on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Piper Sandler cut their price target on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Finally, Robert W. Baird reduced their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $372.28.

Lululemon Athletica Price Performance

NASDAQ LULU traded up $4.79 during mid-day trading on Thursday, hitting $270.64. The company's stock had a trading volume of 1,282,924 shares, compared to its average volume of 2,225,361. The firm has a market capitalization of $32.65 billion, a P/E 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 stock's fifty day simple moving average is $309.91 and its two-hundred day simple moving average is $338.09.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm posted $5.29 EPS. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts forecast 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.