Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 31.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,781,237 shares of the apparel retailer’s stock after purchasing an additional 421,890 shares during the quarter. Lululemon Athletica comprises approximately 0.7% of Schroder Investment Management Group’s portfolio, making the stock its 27th biggest holding. Schroder Investment Management Group’s holdings in Lululemon Athletica were worth $681,163,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Beacon Capital Management LLC lifted its holdings in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after buying an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC boosted its position in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after acquiring an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. grew its stake in Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Bank of America reduced their target price on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Trading Down 14.2 %

LULU opened at $293.06 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. The company has a fifty day simple moving average of $364.63 and a 200 day simple moving average of $339.62.

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

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.