Daiwa Securities Group Inc. Grows Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Daiwa Securities Group Inc. grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 21.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,860 shares of the apparel retailer’s stock after buying an additional 2,923 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lululemon Athletica were worth $8,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LULU. Rockline Wealth Management LLC bought a new position in Lululemon Athletica during the 4th quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. increased its position in Lululemon Athletica by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after buying an additional 44,141 shares in the last quarter. Blair William & Co. IL increased its position in Lululemon Athletica by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock valued at $112,081,000 after buying an additional 5,403 shares in the last quarter. HB Wealth Management LLC increased its position in Lululemon Athletica by 10.9% during the 4th quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock valued at $871,000 after buying an additional 168 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Lululemon Athletica by 42.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock valued at $1,386,000 after buying an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.8 %

Shares of LULU stock opened at $347.51 on Friday. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The stock’s 50-day moving average price is $422.44 and its 200-day moving average price is $438.62. The stock has a market capitalization of $43.79 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the previous year, the firm posted $4.40 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Needham & Company LLC cut their target price on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Raymond James increased their target price on Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Wedbush cut their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Citigroup dropped their price target on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Evercore ISI dropped their price target on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $485.39.

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.