Tokio Marine Asset Management Co. Ltd. Increases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,731 shares of the apparel retailer’s stock after acquiring an additional 170 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lululemon Athletica were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. CWM LLC raised its holdings in shares of Lululemon Athletica by 9.3% in the third quarter. CWM LLC now owns 1,349 shares of the apparel retailer’s stock valued at $520,000 after buying an additional 115 shares during the last quarter. IFP Advisors Inc grew its position in shares of Lululemon Athletica by 57.0% in the third quarter. IFP Advisors Inc now owns 700 shares of the apparel retailer’s stock valued at $270,000 after purchasing an additional 254 shares during the last quarter. Impact Partnership Wealth LLC grew its position in shares of Lululemon Athletica by 954.5% in the third quarter. Impact Partnership Wealth LLC now owns 116 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 105 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Lululemon Athletica by 11.1% during the third quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer’s stock worth $741,000 after acquiring an additional 192 shares during the last quarter. Finally, Caprock Group LLC boosted its position in Lululemon Athletica by 44.4% during the third quarter. Caprock Group LLC now owns 995 shares of the apparel retailer’s stock worth $384,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU stock traded up $4.75 during trading hours on Friday, hitting $364.75. 153,851 shares of the company were exchanged, compared to its average volume of 1,758,529. The firm has a market cap of $45.96 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The company has a 50 day simple moving average of $412.27 and a two-hundred day simple moving average of $438.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the business earned $4.40 EPS. The business’s revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Activity

In other news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LULU shares. Wells Fargo & Company decreased their price target on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group dropped their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Piper Sandler decreased their price objective on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Robert W. Baird decreased their price target on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, Sanford C. Bernstein boosted their target price on shares of Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $483.61.

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.