Strategic Wealth Partners Ltd. Raises Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Strategic Wealth Partners Ltd. lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 126.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,246 shares of the apparel retailer’s stock after purchasing an additional 5,722 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Lululemon Athletica were worth $4,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank grew its holdings in shares of Lululemon Athletica by 30.0% during the fourth quarter. Toronto Dominion Bank now owns 54,358 shares of the apparel retailer’s stock worth $20,787,000 after purchasing an additional 12,533 shares in the last quarter. Sig Brokerage LP bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $2,350,000. Raiffeisen Bank International AG bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $45,558,000. Rockbridge Capital Management LLC bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $775,000. Finally, Point72 Europe London LLP bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $9,316,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.8%

Shares of Lululemon Athletica stock opened at $321.44 on Friday. The company has a market cap of $38.78 billion, a PE ratio of 23.21, a P/E/G ratio of 2.22 and a beta of 1.30. The business has a 50 day moving average of $286.02 and a 200 day moving average of $337.83. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.29 earnings per share. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LULU shares. The Goldman Sachs Group dropped their target price on Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. UBS Group dropped their target price on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Citigroup dropped their target price on Lululemon Athletica from $330.00 to $275.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. BMO Capital Markets dropped their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Finally, Barclays dropped their target price on Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $368.72.

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.