FIL Ltd Raises Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

FIL Ltd increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 905.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,144 shares of the apparel retailer's stock after purchasing an additional 35,249 shares during the quarter. FIL Ltd's holdings in Lululemon Athletica were worth $14,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mawer Investment Management Ltd. acquired a new position in shares of Lululemon Athletica in the 4th quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica during the fourth quarter valued at $370,062,000. Alliancebernstein L.P. increased its holdings in 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 buying an additional 571,657 shares during the last quarter. Schroder Investment Management Group boosted its holdings in 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 worth $681,163,000 after purchasing an additional 421,890 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $142,235,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Stock Down 2.5 %

Lululemon Athletica stock traded down $6.27 during midday trading on Wednesday, reaching $249.37. 1,718,396 shares of the stock traded hands, compared to its average volume of 2,231,133. The stock has a market cap of $30.08 billion, a P/E ratio of 18.01, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock's fifty day moving average is $326.21 and its 200-day moving average is $339.03.

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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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 EPS. The company's quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on LULU shares. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Bank of America cut their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 28th. Argus downgraded Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Raymond James reaffirmed a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a research note on Friday, March 28th. Finally, Telsey Advisory Group dropped their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" 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, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $371.72.

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.