Marshall Wace LLP Has $25.13 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Marshall Wace LLP grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,704 shares of the apparel retailer's stock after purchasing an additional 8,493 shares during the period. Marshall Wace LLP owned approximately 0.05% of Lululemon Athletica worth $25,126,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC grew its holdings in Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares during the period. Schroder Investment Management Group raised its position in Lululemon Athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after acquiring an additional 421,890 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Lululemon Athletica in the fourth quarter valued at $523,520,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $370,062,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LULU shares. UBS Group dropped their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Morgan Stanley cut their price objective on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Needham & Company LLC dropped their price target on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, Wells Fargo & Company cut their price target on Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $372.28.

Lululemon Athletica Trading Down 0.5 %

Shares of Lululemon Athletica stock traded down $1.44 during midday trading on Friday, reaching $269.21. The company had a trading volume of 604,599 shares, compared to its average volume of 2,219,056. The stock has a fifty day simple moving average of $307.99 and a 200 day simple moving average of $338.07. The company has a market capitalization of $32.48 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. 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 data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the previous year, the firm earned $5.29 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.