Letko Brosseau & Associates Inc. Boosts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Letko Brosseau & Associates Inc. raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,170 shares of the apparel retailer’s stock after acquiring an additional 870 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 0.05% of Lululemon Athletica worth $24,539,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in Lululemon Athletica in the fourth quarter worth $523,520,000. Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica in the fourth quarter worth $370,062,000. Alliancebernstein L.P. grew its holdings in Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, Capital World Investors grew its holdings in Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after purchasing an additional 556,406 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer increased their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut their price objective on Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. UBS Group dropped their target price on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Robert W. Baird dropped their price objective on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Finally, Telsey Advisory Group lowered their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $369.86.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $279.89 on Monday. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.22 and a beta of 1.30. The stock’s 50 day simple moving average is $288.50 and its 200 day simple moving average is $337.74. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.29 earnings per share. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.