Alliancebernstein L.P. Acquires 571,657 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Alliancebernstein L.P. increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,397,588 shares of the apparel retailer’s stock after purchasing an additional 571,657 shares during the quarter. Lululemon Athletica accounts for 0.6% of Alliancebernstein L.P.’s holdings, making the stock its 29th biggest position. Alliancebernstein L.P. owned approximately 3.61% of Lululemon Athletica worth $1,681,682,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth $32,000. Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $33,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

LULU opened at $293.06 on Monday. The stock has a fifty day moving average of $364.63 and a 200-day moving average of $340.22. The company has a market capitalization of $35.69 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Securities increased their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC lowered their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Piper Sandler cut their price objective on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a research report on Friday. Evercore ISI raised their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $380.72.

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.