HighPoint Advisor Group LLC Has $781,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

HighPoint Advisor Group LLC lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 27.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,973 shares of the apparel retailer’s stock after buying an additional 419 shares during the period. HighPoint Advisor Group LLC’s holdings in Lululemon Athletica were worth $781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica during the fourth quarter worth about $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $370,062,000. Alliancebernstein L.P. increased its position in Lululemon Athletica by 14.9% during the 4th 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. Schroder Investment Management Group lifted its stake in 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 purchasing an additional 421,890 shares during the last quarter. Finally, Norges Bank acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $142,235,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

LULU stock opened at $279.63 on Wednesday. The company’s 50-day moving average is $360.96 and its 200-day moving average is $340.47. The stock has a market capitalization of $34.05 billion, a PE ratio of 20.19, a price-to-earnings-growth 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.

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 the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for 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%. The company’s quarterly 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. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Evercore ISI upped their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Oppenheimer lifted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” 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 and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target 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.