Ilmarinen Mutual Pension Insurance Co Buys 10,000 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Ilmarinen Mutual Pension Insurance Co raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 100.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,000 shares of the apparel retailer’s stock after acquiring an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Lululemon Athletica were worth $7,648,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its position in shares of Lululemon Athletica by 18.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 5,179 shares of the apparel retailer’s stock worth $1,405,000 after purchasing an additional 800 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Lululemon Athletica by 479.0% during the third quarter. HighTower Advisors LLC now owns 48,908 shares of the apparel retailer’s stock worth $13,337,000 after buying an additional 61,812 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Lululemon Athletica by 2.4% in the third quarter. Royal London Asset Management Ltd. now owns 64,716 shares of the apparel retailer’s stock valued at $17,561,000 after acquiring an additional 1,531 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Lululemon Athletica by 63.8% in the 3rd quarter. Quantinno Capital Management LP now owns 9,642 shares of the apparel retailer’s stock worth $2,616,000 after acquiring an additional 3,755 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $1,863,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 3.1 %

LULU stock opened at $263.70 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The business’s 50-day moving average price is $353.59 and its two-hundred day moving average price is $339.97. The firm has a market cap of $32.11 billion, a PE ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31.

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, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.29 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on LULU shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. BMO Capital Markets lowered their price objective on shares of 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. Wells Fargo & Company reduced their target price on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Finally, Piper Sandler dropped their price objective on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $378.31.

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.