Capital International Ltd. CA Has $5.48 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital International Ltd. CA lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 32.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,336 shares of the apparel retailer’s stock after buying an additional 3,530 shares during the period. Capital International Ltd. CA’s holdings in Lululemon Athletica were worth $5,482,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica during the fourth quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $370,062,000. Alliancebernstein L.P. raised its holdings 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 during the period. Schroder Investment Management Group lifted its stake in Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after purchasing an additional 421,890 shares during the last quarter. Finally, Norges Bank bought a new position in Lululemon Athletica during the fourth quarter worth about $142,235,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. KeyCorp reduced their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. UBS Group dropped their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Finally, Oppenheimer lifted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $371.72.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $251.08 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The business has a fifty day moving average price of $320.27 and a two-hundred day moving average price of $338.27. The stock has a market capitalization of $30.29 billion, a PE ratio of 18.13, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 the consensus estimate of $3.59 billion. During the same period in the prior year, the company earned $5.29 EPS. Lululemon Athletica’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share 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.