Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,485,289 shares of the apparel retailer’s stock after purchasing an additional 10,461 shares during the period. Geode Capital Management LLC owned 2.04% of Lululemon Athletica worth $947,682,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

LULU has been the topic of a number of research reports. Piper Sandler dropped their target price on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Bank of America lowered their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Evercore ISI raised their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Citigroup set a $330.00 target price on Lululemon Athletica and gave the company a “negative” rating in a report on Friday, March 28th. Finally, Wells Fargo & Company cut their price target on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Price Performance

LULU stock opened at $282.75 on Thursday. The firm has a market cap of $34.43 billion, a PE ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a 50 day simple moving average of $358.96 and a 200 day simple moving average of $340.07.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.29 EPS. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Lululemon Athletica Company 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.