Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 986.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 858 shares of the apparel retailer’s stock after buying an additional 779 shares during the period. Brown Brothers Harriman & Co.’s holdings in Lululemon Athletica were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $275,000. Lebenthal Global Advisors LLC raised its position in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. raised its position in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after purchasing an additional 3,540 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica during the fourth quarter worth about $17,775,000. Finally, Northeast Investment Management purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth about $276,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Barclays reduced their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday. Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Raymond James reaffirmed a “market perform” rating and set a $430.00 price target on shares of Lululemon Athletica in a research note on Friday. Finally, Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the company a “negative” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Price Performance

Shares of LULU opened at $283.06 on Tuesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a fifty day moving average price of $362.82 and a 200 day moving average price of $340.38. The company has a market cap of $34.47 billion, a P/E ratio of 20.44, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly 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 business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.29 earnings per share. As a group, research analysts anticipate 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.