Russell Investments Group Ltd. decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 18.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,427 shares of the apparel retailer's stock after selling 12,994 shares during the period. Russell Investments Group Ltd.'s holdings in Lululemon Athletica were worth $22,369,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Lululemon Athletica by 12.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 128,049 shares of the apparel retailer's stock worth $48,967,000 after buying an additional 14,184 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $1,381,000. Gladstone Capital Management LLP bought a new stake in Lululemon Athletica in the fourth quarter valued at approximately $1,185,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $99,000. Finally, KCM Investment Advisors LLC boosted its stake in shares of Lululemon Athletica by 1.2% during the 4th quarter. KCM Investment Advisors LLC now owns 9,330 shares of the apparel retailer's stock worth $3,568,000 after acquiring an additional 110 shares during the period. Institutional investors own 85.20% of the company's stock.
Lululemon Athletica Stock Performance
NASDAQ:LULU traded up $1.50 during trading on Monday, reaching $262.53. The company's stock had a trading volume of 495,181 shares, compared to its average volume of 2,231,230. The firm has a market cap of $31.67 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a 50 day moving average of $332.40 and a 200-day moving average of $339.76.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.29 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on LULU. KeyCorp decreased their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Bank of America decreased their price target 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. Raymond James restated a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. Needham & Company LLC lowered their target price on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price target on Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Two 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $371.79.
Get Our Latest Stock Report on Lululemon Athletica
Lululemon Athletica Company Profile
(
Free Report)
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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