Vestmark Advisory Solutions Inc. decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,832 shares of the apparel retailer’s stock after selling 82 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Lululemon Athletica were worth $2,189,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Jennison Associates LLC boosted its position in shares of Lululemon Athletica by 8.4% during the 3rd quarter. Jennison Associates LLC now owns 4,887,522 shares of the apparel retailer’s stock worth $1,366,356,000 after purchasing an additional 379,707 shares during the period. Marshall Wace LLP lifted its holdings in Lululemon Athletica by 31.1% during the 3rd quarter. Marshall Wace LLP now owns 1,060,970 shares of the apparel retailer’s stock worth $296,607,000 after buying an additional 251,546 shares in the last quarter. M&G Investment Management Ltd. lifted its holdings in Lululemon Athletica by 4,426.8% during the 2nd quarter. M&G Investment Management Ltd. now owns 251,959 shares of the apparel retailer’s stock worth $68,785,000 after buying an additional 246,393 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Lululemon Athletica by 11.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,963,850 shares of the apparel retailer’s stock worth $549,014,000 after buying an additional 205,995 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Lululemon Athletica by 68.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 409,577 shares of the apparel retailer’s stock worth $114,501,000 after buying an additional 166,839 shares in the last quarter. Hedge funds and other institutional investors own 82.04% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on LULU shares. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $440.00 to $430.00 and set a “neutral” rating on the stock in a report on Wednesday, March 22nd. Cowen raised their price objective on shares of Lululemon Athletica from $535.00 to $542.00 and gave the company an “outperform” rating in a report on Monday, December 5th. Guggenheim raised their price objective on shares of Lululemon Athletica from $400.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday. Redburn Partners began coverage on shares of Lululemon Athletica in a report on Thursday, March 16th. They issued a “sell” rating and a $257.00 price objective on the stock. Finally, TD Cowen raised their price objective on shares of Lululemon Athletica from $470.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $406.73.
Lululemon Athletica Price Performance
Lululemon Athletica (NASDAQ:LULU – Get Rating) last issued its earnings results on Tuesday, March 28th. The apparel retailer reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Lululemon Athletica had a net margin of 10.54% and a return on equity of 44.01%. The firm’s revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.37 earnings per share. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 11.4 earnings per share for the current fiscal year.
Lululemon Athletica Profile
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.
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