Meiji Yasuda Asset Management Co Ltd. Sells 92 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Meiji Yasuda Asset Management Co Ltd. reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,793 shares of the apparel retailer’s stock after selling 92 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Lululemon Athletica were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Investment Partners Asset Management Inc. purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $275,000. Rockefeller Capital Management L.P. lifted its stake in shares of Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC boosted its holdings in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. increased its stake in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after buying an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in Lululemon Athletica during the fourth quarter valued at about $17,775,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $341.53 on Friday. The company has a market capitalization of $41.59 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.22 and a beta of 1.21. The company’s 50-day simple moving average is $366.25 and its two-hundred day simple moving average is $338.67. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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 company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.29 earnings per share. On average, research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer increased their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Needham & Company LLC reduced their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp upped their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, UBS Group boosted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.55.

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.