AQR Capital Management LLC Purchases 61,460 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

AQR Capital Management LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 75.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,583 shares of the apparel retailer’s stock after buying an additional 61,460 shares during the period. AQR Capital Management LLC owned 0.12% of Lululemon Athletica worth $54,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in shares of Lululemon Athletica by 1.9% in the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock valued at $668,000 after purchasing an additional 32 shares during the period. Northern Trust Corp increased its position in Lululemon Athletica by 15.2% during the fourth quarter. Northern Trust Corp now owns 1,143,730 shares of the apparel retailer’s stock worth $437,374,000 after buying an additional 151,336 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Lululemon Athletica by 11.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 589,907 shares of the apparel retailer’s stock valued at $225,587,000 after buying an additional 60,612 shares during the period. Aquatic Capital Management LLC lifted its position in shares of Lululemon Athletica by 267.7% in the fourth quarter. Aquatic Capital Management LLC now owns 75,594 shares of the apparel retailer’s stock valued at $28,908,000 after buying an additional 55,034 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in shares of Lululemon Athletica by 95.1% during the 4th quarter. Boothbay Fund Management LLC now owns 10,046 shares of the apparel retailer’s stock worth $3,842,000 after acquiring an additional 4,897 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Down 0.8 %

Lululemon Athletica stock opened at $268.60 on Friday. The stock has a market cap of $32.40 billion, a PE ratio of 19.39, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The business’s 50-day moving average price is $298.27 and its two-hundred day moving average price is $337.78.

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

Analyst Ratings Changes

A number of research firms recently weighed in on LULU. Robert W. Baird dropped their price target on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Piper Sandler dropped their price objective on shares of Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Bank of America reduced their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 28th. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, KeyCorp reduced their price objective on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $369.86.

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.