O Shaughnessy Asset Management LLC Grows Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 39.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,093 shares of the apparel retailer's stock after acquiring an additional 2,011 shares during the period. O Shaughnessy Asset Management LLC's holdings in Lululemon Athletica were worth $2,712,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica during the 4th quarter valued at approximately $523,520,000. RWA Wealth Partners LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $244,000. Schroder Investment Management Group raised its stake in Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position 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 acquiring an additional 251,015 shares during the period. Finally, MV Capital Management Inc. grew its stake in Lululemon Athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LULU shares. UBS Group decreased their target price on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Needham & Company LLC decreased their price objective 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. Bank of America cut their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. TD Cowen boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Truist Financial cut their price target on Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating on the stock 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $380.72.

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Lululemon Athletica Stock Down 9.6 %

Lululemon Athletica stock opened at $255.65 on Friday. The company has a fifty day simple moving average of $356.31 and a 200-day simple moving average of $339.48. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the prior year, the company earned $5.29 EPS. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS 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.

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