Geode Capital Management LLC Increases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Geode Capital Management LLC grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,485,289 shares of the apparel retailer's stock after purchasing an additional 10,461 shares during the quarter. Geode Capital Management LLC owned about 2.04% of Lululemon Athletica worth $947,682,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of recent analyst reports. Cfra Research upgraded shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Morgan Stanley reduced their target price on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Telsey Advisory Group dropped their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. KeyCorp decreased their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus price target of $378.31.

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Lululemon Athletica Trading Up 3.1 %

Shares of NASDAQ:LULU traded up $8.05 during mid-day trading on Friday, reaching $263.70. The stock had a trading volume of 8,366,117 shares, compared to its average volume of 2,199,113. The company has a market cap of $32.11 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business's 50 day moving average price is $353.59 and its 200 day moving average price is $339.47. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 earnings per share. Lululemon Athletica's quarterly revenue was up 12.3% on a year-over-year basis. Analysts predict 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.