Mawer Investment Management Ltd. Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,369,003 shares of the apparel retailer's stock, valued at approximately $523,520,000. Lululemon Athletica comprises 2.4% of Mawer Investment Management Ltd.'s portfolio, making the stock its 14th biggest holding. Mawer Investment Management Ltd. owned 1.12% of Lululemon Athletica at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Investment Partners Asset Management Inc. purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $275,000. Rockefeller Capital Management L.P. lifted its position in shares of Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock worth $28,070,000 after buying an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC boosted its stake in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares in the last quarter. Montag A & Associates Inc. grew its stake in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $17,775,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $31.32 during trading on Thursday, reaching $251.43. The stock had a trading volume of 4,800,978 shares, compared to its average volume of 2,171,764. The stock has a market cap of $30.62 billion, a PE ratio of 18.15, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm's 50 day moving average price is $358.96 and its two-hundred day moving average price is $340.07.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company earned $5.29 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Piper Sandler lowered their target price on shares of Lululemon Athletica from $340.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a report on Thursday. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Finally, Argus cut Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $380.72.

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.