38,175 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, HoldingsChannel reports. The firm bought 38,175 shares of the apparel retailer’s stock, valued at approximately $14,621,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC lifted its position in Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after buying an additional 10,461 shares during the last quarter. Schroder Investment Management Group grew its position in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $370,062,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Evercore ISI boosted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. UBS Group reduced their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Morgan Stanley lowered their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, Robert W. Baird cut their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $378.31.

Lululemon Athletica Stock Up 3.1 %

Lululemon Athletica stock opened at $263.70 on Monday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company has a market capitalization of $32.11 billion, a P/E ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31. The stock’s 50 day moving average is $353.59 and its 200 day moving average is $340.46.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the firm posted $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.