denkapparat Operations GmbH Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

denkapparat Operations GmbH bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 682 shares of the apparel retailer’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Geode Capital Management LLC grew its stake in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $370,062,000. Pictet Asset Management Holding SA lifted its stake in Lululemon Athletica by 20.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer’s stock worth $345,664,000 after acquiring an additional 152,965 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after acquiring an additional 17,119 shares in the last quarter. Finally, Amundi increased its position in shares of Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock valued at $261,956,000 after purchasing an additional 18,861 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LULU shares. Oppenheimer lifted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays dropped their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the stock a “negative” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Stock Down 14.2 %

Shares of NASDAQ LULU opened at $293.06 on Friday. The firm has a 50-day moving average price of $364.63 and a 200 day moving average price of $338.98. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly 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. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $5.29 EPS. Equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS 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.