Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,485,289 shares of the apparel retailer’s stock after acquiring an additional 10,461 shares during the period. Geode Capital Management LLC’s holdings in Lululemon Athletica were worth $947,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $32,000. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Finally, Sound Income Strategies LLC increased its stake in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LULU. BMO Capital Markets reduced their price objective 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. KeyCorp lowered their price target on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. BTIG Research dropped their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Morgan Stanley reduced their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Telsey Advisory Group dropped their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $282.75 on Thursday. The firm’s 50-day moving average is $358.96 and its 200-day moving average is $340.07. The company has a market cap of $34.43 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.22 and a beta of 1.21. 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 results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm posted $5.29 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.