Price T Rowe Associates Inc. MD Has $1.85 Billion Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Price T Rowe Associates Inc. MD lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,848,613 shares of the apparel retailer's stock after purchasing an additional 2,371,079 shares during the period. Price T Rowe Associates Inc. MD owned 3.98% of Lululemon Athletica worth $1,854,160,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Investment Partners Asset Management Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $275,000. Nutshell Asset Management Ltd bought a new stake in Lululemon Athletica during the 4th quarter worth about $956,000. Lebenthal Global Advisors LLC lifted its position in Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its stake in shares of Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $17,775,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Up 3.1 %

NASDAQ:LULU opened at $261.71 on Wednesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The stock's 50 day moving average price is $311.93 and its two-hundred day moving average price is $338.59.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm posted $5.29 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LULU shares. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Robert W. Baird decreased their price objective on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Truist Financial cut their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus reduced their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.

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