Waterloo Capital L.P. Invests $269,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Waterloo Capital L.P. purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 703 shares of the apparel retailer’s stock, valued at approximately $269,000.

Several other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after purchasing an additional 10,461 shares during the period. Schroder Investment Management Group raised its position in shares of 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 buying an additional 421,890 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $370,062,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LULU shares. Stifel Nicolaus cut their target price on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research report on Friday, March 28th. BTIG Research reduced their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Argus lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Morgan Stanley cut their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $378.31.

Lululemon Athletica Trading Up 0.5 %

LULU stock opened at $265.00 on Tuesday. The firm has a market cap of $32.27 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The stock has a 50-day moving average price of $350.83 and a 200-day moving average price of $340.42. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (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 for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm earned $5.29 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share 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.