Mitsubishi UFJ Trust & Banking Corp Decreases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,137 shares of the apparel retailer’s stock after selling 7,336 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lululemon Athletica were worth $22,615,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in LULU. Geode Capital Management LLC grew its holdings in shares of Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $370,062,000. Charles Schwab Investment Management Inc. grew its stake in Lululemon Athletica by 2.4% during 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 acquiring an additional 17,119 shares in the last quarter. Amundi lifted its stake in Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after purchasing an additional 18,861 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of 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 worth $148,201,000 after purchasing an additional 205,757 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LULU. JPMorgan Chase & Co. increased their price target on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Needham & Company LLC reduced their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI upped their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Morgan Stanley dropped their price target on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $395.55.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $341.53 on Friday. The business has a 50-day simple moving average of $366.25 and a 200-day simple moving average of $338.67. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a market cap of $41.59 billion, a PE ratio of 24.66, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted 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. 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 during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.