Renaissance Group LLC Buys 6,741 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Renaissance Group LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,384 shares of the apparel retailer's stock after purchasing an additional 6,741 shares during the quarter. Lululemon Athletica comprises about 1.4% of Renaissance Group LLC's portfolio, making the stock its 28th biggest holding. Renaissance Group LLC owned about 0.07% of Lululemon Athletica worth $34,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Sound Income Strategies LLC raised 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 purchasing an additional 65 shares during the period. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $33,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded up $4.41 during trading hours on Friday, hitting $261.03. 1,959,792 shares of the stock were exchanged, compared to its average volume of 2,237,872. The company's fifty day simple moving average is $332.40 and its two-hundred day simple moving average is $339.76. The company has a market cap of $31.49 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating 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 the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. The company's revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group dropped their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Morgan Stanley dropped their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus cut their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a report on Thursday. Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Finally, William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $371.79.

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.