UniSuper Management Pty Ltd Increases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

UniSuper Management Pty Ltd boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,296 shares of the apparel retailer’s stock after acquiring an additional 493 shares during the period. UniSuper Management Pty Ltd’s holdings in Lululemon Athletica were worth $3,555,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LULU. WINTON GROUP Ltd bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $1,330,000. Ausdal Financial Partners Inc. purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $297,000. Mizuho Securities Co. Ltd. bought a new stake in Lululemon Athletica during the 4th quarter valued at $219,000. EFG Asset Management North America Corp. lifted its position in shares of Lululemon Athletica by 90.9% during the fourth quarter. EFG Asset Management North America Corp. now owns 7,228 shares of the apparel retailer’s stock worth $2,765,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth $61,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday. Evercore ISI increased their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $293.06 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The company’s 50 day moving average price is $364.63 and its 200-day moving average price is $338.98. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion for 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%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.29 EPS. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.