Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 986.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 858 shares of the apparel retailer’s stock after buying an additional 779 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Lululemon Athletica were worth $328,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its stake in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after buying an additional 44,294 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $370,062,000. Pictet Asset Management Holding SA increased its stake in shares of Lululemon Athletica by 20.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer’s stock valued at $345,664,000 after acquiring an additional 152,965 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Lululemon Athletica by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after purchasing an additional 17,119 shares in the last quarter. Finally, Amundi lifted its position in Lululemon Athletica by 2.9% in the fourth quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after purchasing an additional 18,861 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on LULU shares. Guggenheim boosted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. KeyCorp dropped their price target on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday. Piper Sandler reduced their price objective on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America cut their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research note on Friday. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a 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 $380.72.

Lululemon Athletica Stock Down 3.4 %

LULU stock opened at $283.06 on Tuesday. The company has a 50 day moving average of $362.82 and a two-hundred day moving average of $340.38. The company has a market cap of $34.47 billion, a price-to-earnings ratio of 20.44, a PEG 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.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company earned $5.29 earnings per share. Lululemon Athletica’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.