Nippon Life Global Investors Americas Inc. Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Nippon Life Global Investors Americas Inc. purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,360 shares of the apparel retailer's stock, valued at approximately $902,000.

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

Lululemon Athletica Price Performance

Shares of NASDAQ LULU traded up $4.79 during midday trading on Thursday, hitting $270.64. 1,282,924 shares of the company's stock were exchanged, compared to its average volume of 2,225,330. The stock's 50 day moving average price is $307.99 and its 200-day moving average price is $338.07. The firm has a market cap of $32.65 billion, a P/E ratio of 19.54, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results 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 company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.29 EPS. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LULU shares. Robert W. Baird dropped their price target on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Needham & Company LLC dropped their target price on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. Evercore ISI boosted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group cut their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Two investment 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $372.28.

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.