Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 39.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,093 shares of the apparel retailer’s stock after purchasing an additional 2,011 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Lululemon Athletica were worth $2,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LULU. Mawer Investment Management Ltd. purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter valued at $370,062,000. Schroder Investment Management Group raised its position in Lululemon Athletica by 31.0% in 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 purchasing an additional 421,890 shares during the period. Norges Bank acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $142,235,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Lululemon Athletica by 87.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 539,441 shares of the apparel retailer’s stock worth $206,288,000 after purchasing an additional 251,015 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $255.65 on Friday. The firm’s fifty day moving average price is $356.31 and its 200 day moving average price is $339.48. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the company posted $5.29 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on LULU shares. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Argus lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday. Finally, Barclays cut 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, March 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $380.72.

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.