First Foundation Advisors Increases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

First Foundation Advisors boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,881 shares of the apparel retailer's stock after buying an additional 1,680 shares during the quarter. First Foundation Advisors' holdings in Lululemon Athletica were worth $6,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in shares of Lululemon Athletica by 14.9% during 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 period. Geode Capital Management LLC grew its holdings 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 valued at $947,682,000 after buying an additional 10,461 shares in the last quarter. Schroder Investment Management Group increased 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 worth $681,163,000 after buying an additional 421,890 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $523,520,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica during the fourth quarter worth about $370,062,000. Institutional investors own 85.20% of the company's stock.

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Lululemon Athletica Price Performance

Shares of NASDAQ LULU traded down $5.02 during trading on Tuesday, hitting $254.74. The stock had a trading volume of 778,396 shares, compared to its average volume of 2,230,508. The firm has a fifty day moving average of $329.34 and a two-hundred day moving average of $339.62. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $30.73 billion, a PE ratio of 18.39, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $5.29 earnings per share. On average, equities analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. KeyCorp lowered their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Truist Financial cut their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Argus cut Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, BTIG Research cut their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $371.72.

Lululemon Athletica 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.