Schroder Investment Management Group Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Schroder Investment Management Group raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,781,237 shares of the apparel retailer's stock after buying an additional 421,890 shares during the period. Lululemon Athletica comprises approximately 0.7% of Schroder Investment Management Group's portfolio, making the stock its 27th largest position. Schroder Investment Management Group owned about 1.46% of Lululemon Athletica worth $681,163,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

LULU has been the subject of a number of research analyst reports. Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday. Barclays cut their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Raymond James reissued a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a research note on Friday, March 28th. BMO Capital Markets decreased their price objective on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. Finally, Needham & Company LLC lowered their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $380.72.

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Lululemon Athletica Price Performance

Shares of LULU stock traded up $3.12 during trading hours on Wednesday, reaching $282.75. 2,164,767 shares of the company traded hands, compared to its average volume of 2,159,878. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The company has a market cap of $34.43 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a 50-day moving average price of $360.96 and a 200 day moving average price of $340.47.

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 for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. During the same quarter in the previous year, the company earned $5.29 EPS. Lululemon Athletica's revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.