Mizuho Securities USA LLC Has $4.09 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Mizuho Securities USA LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 43.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,706 shares of the apparel retailer's stock after purchasing an additional 3,249 shares during the period. Mizuho Securities USA LLC's holdings in Lululemon Athletica were worth $4,094,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. TCTC Holdings LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth about $32,000. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after buying an additional 65 shares during the period. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $33,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LULU. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Citigroup decreased their target price on shares of Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group reiterated an "underperform" rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Barclays raised their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Finally, TD Securities increased their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $395.55.

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Lululemon Athletica Stock Up 1.1 %

Shares of LULU traded up $3.74 during trading hours on Thursday, reaching $341.53. The company's stock had a trading volume of 4,300,229 shares, compared to its average volume of 2,074,304. The company has a 50 day moving average of $366.84 and a two-hundred day moving average of $338.65. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.22 and a beta of 1.21. 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 posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS 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 analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $5.29 EPS. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Lululemon Athletica 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.