Brown Advisory Inc. boosted its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 19.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,091 shares of the apparel retailer’s stock after acquiring an additional 2,743 shares during the quarter. Brown Advisory Inc.’s holdings in Lululemon Athletica were worth $2,777,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. boosted its holdings in Lululemon Athletica by 42.9% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 9,971 shares of the apparel retailer’s stock valued at $1,620,000 after acquiring an additional 2,993 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Lululemon Athletica by 22.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,792 shares of the apparel retailer’s stock valued at $473,000 after acquiring an additional 686 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Lululemon Athletica by 110.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 534,411 shares of the apparel retailer’s stock valued at $86,840,000 after acquiring an additional 281,035 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Lululemon Athletica by 48.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,300 shares of the apparel retailer’s stock valued at $3,299,000 after acquiring an additional 6,657 shares during the period. Finally, American Century Companies Inc. purchased a new position in Lululemon Athletica during the 2nd quarter valued at about $39,236,000. Institutional investors own 79.24% of the company’s stock.
Shares of NASDAQ LULU opened at $113.87 on Friday. Lululemon Athletica inc. has a fifty-two week low of $72.13 and a fifty-two week high of $164.79. The stock has a market cap of $17.69 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.37.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $736.10 million. During the same quarter last year, the company earned $0.56 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Research analysts forecast that Lululemon Athletica inc. will post 3.59 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on LULU shares. Wells Fargo & Co upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $144.00 to $200.00 in a research note on Monday, September 17th. Morgan Stanley lifted their price objective on Lululemon Athletica from $108.00 to $133.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating and set a $181.00 price objective for the company in a research note on Wednesday, September 5th. B. Riley lifted their price objective on Lululemon Athletica from $112.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, August 31st. Finally, Canaccord Genuity upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and lifted their price objective for the company from $152.00 to $160.00 in a research note on Wednesday, October 24th. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $157.67.
Lululemon Athletica Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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