OMERS ADMINISTRATION Corp Has $1.84 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

OMERS ADMINISTRATION Corp raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,801 shares of the apparel retailer’s stock after purchasing an additional 799 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Lululemon Athletica were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Beacon Capital Management LLC lifted its holdings in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 24 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the last quarter. Dnca Finance lifted its holdings in Lululemon Athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 26 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LULU. Telsey Advisory Group dropped their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their target price on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Morgan Stanley dropped their target price on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, Cfra Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $368.72.

Lululemon Athletica Trading Up 1.0%

Shares of NASDAQ LULU opened at $318.96 on Friday. The company has a market cap of $38.48 billion, a price-to-earnings ratio of 23.03, a PEG 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. The stock has a 50-day moving average price of $285.98 and a two-hundred day moving average price of $337.48.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.29 earnings per share. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.