Fmr LLC Has $3.60 Billion Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

FMR LLC lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,411,341 shares of the apparel retailer's stock after selling 1,276,531 shares during the quarter. FMR LLC owned 7.73% of Lululemon Athletica worth $3,598,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Waterloo Capital L.P. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $269,000. Quadrant Capital Group LLC raised its holdings in Lululemon Athletica by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 594 shares of the apparel retailer's stock worth $227,000 after buying an additional 130 shares during the period. Ilmarinen Mutual Pension Insurance Co raised its holdings in Lululemon Athletica by 100.0% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the apparel retailer's stock worth $7,648,000 after buying an additional 10,000 shares during the period. Nutshell Asset Management Ltd bought a new position in Lululemon Athletica in the fourth quarter valued at approximately $956,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Lululemon Athletica by 12.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 128,049 shares of the apparel retailer's stock valued at $48,967,000 after buying an additional 14,184 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 1.2 %

Shares of LULU traded up $3.18 during trading hours on Friday, hitting $259.80. The company had a trading volume of 732,557 shares, compared to its average volume of 2,234,015. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.22 and a beta of 1.31. The business has a fifty day moving average of $335.49 and a 200-day moving average of $339.26. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the business posted $5.29 earnings per share. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LULU shares. Raymond James reaffirmed a "market perform" rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. BMO Capital Markets cut their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. Wells Fargo & Company reduced their price objective on Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. KeyCorp dropped their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Stifel Nicolaus reduced their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $371.79.

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.