Northern Trust Corp Buys 151,336 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Northern Trust Corp boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,143,730 shares of the apparel retailer’s stock after buying an additional 151,336 shares during the quarter. Northern Trust Corp’s holdings in Lululemon Athletica were worth $437,374,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LULU. Price T Rowe Associates Inc. MD increased its position in Lululemon Athletica by 95.7% during 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 during the period. Alliancebernstein L.P. boosted its stake in shares of Lululemon Athletica by 14.9% during the fourth 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 increased its holdings in Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after buying an additional 10,461 shares during the period. Capital World Investors raised its stake in Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after buying an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley cut their price target on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Truist Financial cut their target price on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. BTIG Research decreased their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Finally, Needham & Company LLC decreased their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $370.38.

Lululemon Athletica Stock Up 1.0 %

Shares of LULU opened at $271.27 on Wednesday. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.22 and a beta of 1.31. 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 $302.03 and its 200-day moving average price is $338.37.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the company earned $5.29 EPS. The business’s revenue was up 12.3% on a year-over-year basis. 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.