MV Capital Management Inc. Has $36,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

MV Capital Management Inc. raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 66.1% in the fourth quarter, Holdings Channel reports. The fund owned 93 shares of the apparel retailer’s stock after acquiring an additional 37 shares during the period. MV Capital Management Inc.’s holdings in Lululemon Athletica were worth $36,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Pictet Asset Management Holding SA grew its stake in shares of Lululemon Athletica by 20.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer’s stock worth $345,664,000 after acquiring an additional 152,965 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Lululemon Athletica by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after purchasing an additional 17,119 shares in the last quarter. Finally, Amundi boosted its holdings in Lululemon Athletica by 2.9% during the fourth quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after purchasing an additional 18,861 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LULU shares. Raymond James restated a “market perform” rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday. Wells Fargo & Company decreased their price target on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday. Robert W. Baird upped their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Morgan Stanley decreased their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $293.06 on Friday. The firm has a 50 day simple moving average of $364.63 and a 200 day simple moving average of $339.62. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company 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.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm posted $5.29 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.