Mufg Securities Americas Inc. Invests $638,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Mufg Securities Americas Inc. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,668 shares of the apparel retailer’s stock, valued at approximately $638,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $30,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $32,000. Finally, Sound Income Strategies LLC grew its stake in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $318.96 on Friday. The firm’s fifty day moving average price is $285.98 and its 200 day moving average price is $337.48. The company has a market capitalization of $38.48 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the firm posted $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 forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LULU shares. BTIG Research dropped 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 note on Friday, March 28th. Stifel Nicolaus dropped their price target on shares of Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Robert W. Baird dropped their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Finally, Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. 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 given a strong buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.72.

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.