Capital International Sarl Increases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital International Sarl boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,441 shares of the apparel retailer's stock after purchasing an additional 6,755 shares during the period. Capital International Sarl's holdings in Lululemon Athletica were worth $8,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC raised its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the fourth quarter valued at $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded up $2.79 during midday trading on Wednesday, hitting $264.50. 1,012,617 shares of the company's stock were exchanged, compared to its average volume of 2,219,730. The stock has a 50-day moving average price of $311.93 and a two-hundred day moving average price of $338.59. The company has a market cap of $31.91 billion, a P/E ratio of 19.10, a PEG 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.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (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 return on equity of 42.16% and a net margin of 17.05%. The company's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.29 earnings per share. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LULU shares. The Goldman Sachs Group cut their target price on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday. 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. Stifel Nicolaus dropped their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Truist Financial decreased their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Raymond James reissued a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $372.28.

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.