Toronto Dominion Bank Increases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Toronto Dominion Bank lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 30.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 54,358 shares of the apparel retailer’s stock after acquiring an additional 12,533 shares during the period. Toronto Dominion Bank’s holdings in Lululemon Athletica were worth $20,787,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LULU. Sig Brokerage LP bought a new position in Lululemon Athletica in the 4th quarter valued at $2,350,000. Raiffeisen Bank International AG bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $45,558,000. Rockbridge Capital Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $775,000. Point72 Europe London LLP purchased a new position in Lululemon Athletica in the 4th quarter worth about $9,316,000. Finally, ProShare Advisors LLC lifted its holdings in Lululemon Athletica by 15.7% during the 4th quarter. ProShare Advisors LLC now owns 149,884 shares of the apparel retailer’s stock valued at $57,317,000 after buying an additional 20,390 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on LULU shares. Barclays dropped their target price on shares of Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. JPMorgan Chase & Co. lowered their price target on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a report on Monday, April 14th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. KeyCorp lowered their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, Stifel Nicolaus dropped their price target on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $368.72.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $323.70 on Tuesday. The stock’s fifty day moving average price is $286.16 and its 200 day moving average price is $338.13. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market cap of $39.05 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.22 and a beta of 1.30.

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

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.