Meeder Asset Management Inc. Buys 6,947 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Meeder Asset Management Inc. raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 88.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,836 shares of the apparel retailer's stock after purchasing an additional 6,947 shares during the quarter. Meeder Asset Management Inc.'s holdings in Lululemon Athletica were worth $5,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. bought a new stake in Lululemon Athletica during the 4th quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $370,062,000. Schroder Investment Management Group boosted its holdings in shares of 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 valued at $681,163,000 after purchasing an additional 421,890 shares during the period. Norges Bank bought a new position in Lululemon Athletica in the fourth quarter worth approximately $142,235,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Lululemon Athletica by 87.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 539,441 shares of the apparel retailer's stock worth $206,288,000 after purchasing an additional 251,015 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Thursday. Evercore ISI raised their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Piper Sandler cut their target price on Lululemon Athletica from $340.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. 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. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus price target of $378.31.

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Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $6.32 on Friday, hitting $261.97. 5,083,085 shares of the company's stock traded hands, compared to its average volume of 2,074,042. The firm's 50-day moving average price is $356.31 and its two-hundred day moving average price is $339.48. The stock has a market capitalization of $31.90 billion, a PE ratio of 18.91, a price-to-earnings-growth 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.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. The firm's revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast 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.