Pictet Asset Management Holding SA Buys 152,965 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Pictet Asset Management Holding SA lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 20.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 903,909 shares of the apparel retailer’s stock after buying an additional 152,965 shares during the period. Pictet Asset Management Holding SA’s holdings in Lululemon Athletica were worth $345,664,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LULU. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the 4th quarter worth about $370,062,000. Norges Bank bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $142,235,000. Maverick Capital Ltd. purchased a new stake in shares of Lululemon Athletica in the third quarter worth approximately $93,476,000. Southpoint Capital Advisors LP purchased a new position in Lululemon Athletica during the 3rd quarter valued at $81,405,000. Finally, Los Angeles Capital Management LLC grew its position in Lululemon Athletica by 248.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock valued at $123,530,000 after acquiring an additional 230,349 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Robert W. Baird upped their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Barclays lifted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, BMO Capital Markets raised their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Stock Up 1.1 %

Shares of LULU opened at $341.53 on Friday. The company has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock’s 50-day moving average price is $366.25 and its 200-day moving average price is $338.67.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.29 EPS. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Lululemon Athletica Company 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.