Sumitomo Mitsui Trust Holdings Inc. Boosts Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,945 shares of the apparel retailer’s stock after purchasing an additional 3,587 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Lululemon Athletica worth $167,675,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LULU. Valley National Advisers Inc. boosted its position in shares of Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $27,000. Bogart Wealth LLC boosted its position in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Morton Brown Family Wealth LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 0.4 %

NASDAQ LULU opened at $334.76 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The firm has a market capitalization of $42.18 billion, a P/E ratio of 27.42, a PEG ratio of 1.19 and a beta of 1.30. The company has a 50-day moving average price of $429.56 and a 200-day moving average price of $440.25.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.40 EPS. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LULU shares. Barclays cut their price objective on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Wedbush dropped their target price on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. KeyCorp dropped their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Evercore ISI dropped their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, Raymond James lifted their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $485.39.

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.