Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,330 shares of the apparel retailer’s stock after buying an additional 110 shares during the period. KCM Investment Advisors LLC’s holdings in Lululemon Athletica were worth $3,568,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $370,062,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $263.70 on Friday. The stock has a market cap of $32.11 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business’s fifty day moving average is $353.59 and its 200-day moving average is $339.97. 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 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the business earned $5.29 earnings per share. Lululemon Athletica’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

LULU has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Oppenheimer boosted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. KeyCorp cut their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Stifel Nicolaus lowered their target price on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $378.31.

About Lululemon Athletica

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.