LPL Financial LLC Has $49.33 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

LPL Financial LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 129,003 shares of the apparel retailer’s stock after acquiring an additional 22,077 shares during the quarter. LPL Financial LLC’s holdings in Lululemon Athletica were worth $49,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $275,000. Rockefeller Capital Management L.P. lifted its stake in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC boosted its holdings in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. increased its position in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $17,775,000. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley lowered their target price on Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a report on Wednesday, March 19th. KeyCorp increased their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Guggenheim lifted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Raymond James restated an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $395.55.

Lululemon Athletica Price Performance

LULU opened at $341.53 on Friday. The business has a fifty day simple moving average of $366.25 and a 200 day simple moving average of $338.67. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market capitalization of $41.59 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company 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 business posted $5.29 earnings per share. Lululemon Athletica’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate 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.