Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 61.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,536 shares of the apparel retailer’s stock after purchasing an additional 5,894 shares during the period. Quantinno Capital Management LP’s holdings in Lululemon Athletica were worth $5,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Lululemon Athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Capital World Investors lifted its position in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after acquiring an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LULU shares. Citigroup reduced their price target on Lululemon Athletica from $330.00 to $275.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. BMO Capital Markets reduced their price target on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research report on Friday, March 28th. Robert W. Baird reduced their price target on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. KeyCorp reduced their price target on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, Needham & Company LLC reduced their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.72.

Lululemon Athletica Trading Up 0.8%

Shares of NASDAQ LULU opened at $321.44 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company has a market capitalization of $38.78 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business has a 50 day simple moving average of $286.02 and a 200-day simple moving average of $337.60.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.59 billion. During the same period in the previous year, the business earned $5.29 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.