Meeder Advisory Services Inc. Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Meeder Advisory Services Inc. raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,080 shares of the apparel retailer’s stock after acquiring an additional 91 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Lululemon Athletica were worth $795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth $275,000. Lebenthal Global Advisors LLC lifted its position in shares of Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its stake in shares of Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after purchasing an additional 3,540 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at about $17,775,000. Finally, Northeast Investment Management bought a new position in Lululemon Athletica in the fourth quarter worth about $276,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 research report on Friday, March 28th. Telsey Advisory Group reduced their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Truist Financial lowered their price objective on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Citigroup set a $330.00 price target on shares of Lululemon Athletica and gave the stock a “negative” rating in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $255.65 on Friday. The stock has a market capitalization of $31.13 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The business’s fifty day moving average price is $356.31 and its 200-day moving average price is $339.48.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for 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%. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 earnings per share. Equities research analysts anticipate 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.