United Capital Financial Advisors LLC Raises Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

United Capital Financial Advisors LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,968 shares of the apparel retailer’s stock after acquiring an additional 278 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Lululemon Athletica were worth $1,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake in shares of Lululemon Athletica by 14.9% during 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 acquiring an additional 571,657 shares in the last quarter. Geode Capital Management LLC raised its position in Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at $523,520,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth about $370,062,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.7 %

Shares of LULU stock opened at $251.08 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The stock has a market cap of $30.29 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business has a 50-day simple moving average of $317.33 and a 200-day simple moving average of $338.17.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate 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 return on equity of 42.16% and a net margin of 17.05%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.29 EPS. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LULU shares. Cfra Research upgraded shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Morgan Stanley lowered their target price on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Truist Financial decreased their price objective on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets reduced their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. Finally, BTIG Research cut their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $371.72.

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.