Arrowstreet Capital Limited Partnership Boosts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Arrowstreet Capital Limited Partnership grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 87.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,441 shares of the apparel retailer’s stock after buying an additional 251,015 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.44% of Lululemon Athletica worth $206,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. bought a new stake in Lululemon Athletica during the 4th quarter valued at $275,000. Rockefeller Capital Management L.P. grew its stake in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after purchasing an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC grew its stake in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after purchasing an additional 1,565 shares during the last quarter. Montag A & Associates Inc. raised its holdings in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after purchasing an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $17,775,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 14.2 %

Shares of NASDAQ LULU opened at $293.06 on Monday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a market cap of $35.69 billion, a PE ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a 50-day moving average of $364.63 and a 200 day moving average of $340.22.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $5.29 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BMO Capital Markets decreased their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their price target on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Stifel Nicolaus decreased 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. Finally, Truist Financial cut their price target on shares of Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $380.72.

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.