Nomura Asset Management Co. Ltd. Has $27.73 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Nomura Asset Management Co. Ltd. lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,510 shares of the apparel retailer's stock after selling 4,133 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Lululemon Athletica worth $27,729,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the 4th quarter valued at $32,000. Asset Planning Inc acquired a new position in Lululemon Athletica during the 4th quarter worth $33,000. Finally, Sound Income Strategies LLC increased its position 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 worth $33,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. BTIG Research reduced their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and a consensus target price of $380.72.

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Lululemon Athletica Stock Performance

Shares of LULU stock traded down $35.46 during mid-day trading on Thursday, hitting $247.29. 3,500,928 shares of the stock traded hands, compared to its average volume of 1,962,197. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company's 50-day simple moving average is $358.96 and its 200-day simple moving average is $340.07. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the company earned $5.29 earnings per share. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. Analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.