Benjamin Edwards Inc. Raises Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Benjamin Edwards Inc. raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,319 shares of the apparel retailer’s stock after purchasing an additional 677 shares during the period. Benjamin Edwards Inc.’s holdings in Lululemon Athletica were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Lululemon Athletica by 95.7% in the fourth 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 buying an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. increased 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 acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Capital World Investors lifted its stake in Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Lululemon Athletica by 31.0% in the fourth 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 in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

LULU opened at $270.80 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $32.67 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.22 and a beta of 1.30. The stock’s 50 day simple moving average is $292.91 and its 200 day simple moving average is $337.83.

Lululemon Athletica (NASDAQ:LULU) last posted its 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the subject of several recent analyst reports. Telsey Advisory Group reduced their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Bank of America dropped their price objective on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Stifel Nicolaus reduced their target price on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Needham & Company LLC cut their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Finally, Argus lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $369.86.

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.