Mirova Has $5.99 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Mirova lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 61.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,651 shares of the apparel retailer's stock after acquiring an additional 5,932 shares during the period. Lululemon Athletica makes up about 1.0% of Mirova's investment portfolio, making the stock its 23rd biggest position. Mirova's holdings in Lululemon Athletica were worth $5,985,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Westside Investment Management Inc. grew its stake in Lululemon Athletica by 900.0% during the third quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer's stock worth $81,000 after buying an additional 270 shares during the last quarter. Anchor Investment Management LLC grew its position in Lululemon Athletica by 17.4% during the 3rd quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer's stock worth $1,243,000 after acquiring an additional 680 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in Lululemon Athletica by 964.2% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer's stock valued at $3,815,000 after purchasing an additional 12,737 shares in the last quarter. World Investment Advisors LLC bought a new position in Lululemon Athletica in the 3rd quarter valued at $15,038,000. Finally, Sfmg LLC acquired a new position in Lululemon Athletica in the third quarter worth $2,984,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their price objective on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research report on Tuesday. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Raymond James reaffirmed a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. Finally, Needham & Company LLC dropped their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $372.28.

Lululemon Athletica Stock Up 1.8 %

Shares of LULU stock traded up $4.79 during trading hours on Thursday, reaching $270.64. The company's stock had a trading volume of 1,282,924 shares, compared to its average volume of 2,221,515. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm's 50 day simple moving average is $309.91 and its 200-day simple moving average is $338.09. The company has a market capitalization of $32.65 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $5.29 earnings per share. Sell-side analysts predict 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.