Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,734 shares of the apparel retailer’s stock after buying an additional 2,008 shares during the quarter. NEOS Investment Management LLC’s holdings in Lululemon Athletica were worth $4,870,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LULU. Geode Capital Management LLC boosted its position in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $370,062,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock valued at $275,111,000 after buying an additional 17,119 shares during the period. Amundi lifted its stake in Lululemon Athletica by 2.9% during the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after acquiring an additional 18,861 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Lululemon Athletica by 60.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after acquiring an additional 205,757 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $341.53 on Friday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The stock has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. The company has a 50-day simple moving average of $366.25 and a 200-day simple moving average of $338.67.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS 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 firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the business earned $5.29 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

LULU has been the topic of several research reports. Oppenheimer increased their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Needham & Company LLC dropped their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays increased their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Evercore ISI boosted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $395.55.

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.