4,895 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by AIA Group Ltd

AIA Group Ltd purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,895 shares of the apparel retailer’s stock, valued at approximately $1,872,000.

Several other hedge funds have also recently added to or reduced their stakes in LULU. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $32,000. Sound Income Strategies LLC boosted its stake in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 3.4 %

Lululemon Athletica stock opened at $283.06 on Tuesday. The stock’s 50 day moving average is $362.82 and its 200 day moving average is $340.38. The company has a market capitalization of $34.47 billion, a P/E ratio of 20.44, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

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 the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $5.29 earnings per share. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James restated a “market perform” rating and set a $430.00 price target on shares of Lululemon Athletica in a research report on Friday. Barclays reduced their price target on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Needham & Company LLC cut their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Finally, Evercore ISI upped their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $380.72.

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.