892 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 892 shares of the apparel retailer’s stock, valued at approximately $456,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Lululemon Athletica by 0.5% in the third quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock worth $2,824,150,000 after acquiring an additional 38,432 shares in the last quarter. State Street Corp raised its position in Lululemon Athletica by 0.7% in the first quarter. State Street Corp now owns 2,633,648 shares of the apparel retailer’s stock worth $959,144,000 after acquiring an additional 18,147 shares in the last quarter. Morgan Stanley raised its position in Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after acquiring an additional 437,069 shares in the last quarter. Schroder Investment Management Group raised its position in Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after acquiring an additional 310,347 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Lululemon Athletica by 3.2% in the first quarter. Geode Capital Management LLC now owns 1,659,260 shares of the apparel retailer’s stock worth $603,418,000 after acquiring an additional 51,572 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 0.7 %

Shares of LULU stock opened at $386.14 on Wednesday. Lululemon Athletica Inc. has a 12 month low of $310.41 and a 12 month high of $516.39. The firm has a market cap of $48.73 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The stock has a 50 day moving average of $461.28 and a 200-day moving average of $442.40.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.40 earnings per share. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.24 EPS for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has approved a share repurchase plan on Thursday, December 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the apparel retailer to purchase up to 1.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent analyst reports. KeyCorp cut their price objective on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. UBS Group boosted their price objective on Lululemon Athletica from $429.00 to $470.00 and gave the stock a “neutral” rating in a report on Friday, December 8th. HSBC downgraded Lululemon Athletica from a “buy” rating to a “hold” rating and set a $500.00 price objective on the stock. in a report on Monday, January 22nd. JPMorgan Chase & Co. lowered their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Citigroup lowered their target price on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $493.66.

Get Our Latest Analysis on LULU

About Lululemon Athletica

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

See Also

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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