Mawer Investment Management Ltd. Purchases Shares of 1,369,003 Lululemon Athletica Inc. (NASDAQ:LULU)

Mawer Investment Management Ltd. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,369,003 shares of the apparel retailer’s stock, valued at approximately $523,520,000. Lululemon Athletica accounts for about 2.4% of Mawer Investment Management Ltd.’s holdings, making the stock its 14th largest holding. Mawer Investment Management Ltd. owned about 1.12% of Lululemon Athletica at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LULU. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $370,062,000. Schroder Investment Management Group lifted its stake in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after purchasing an additional 421,890 shares during the last quarter. Norges Bank acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $142,235,000. Maverick Capital Ltd. purchased a new position in Lululemon Athletica in the third quarter valued at approximately $93,476,000. Finally, Southpoint Capital Advisors LP acquired a new stake in Lululemon Athletica during the third quarter worth approximately $81,405,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LULU. Telsey Advisory Group dropped their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Citigroup set a $330.00 price target on shares of Lululemon Athletica and gave the company a “negative” rating in a research report on Friday. UBS Group lowered their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, BMO Capital Markets reduced their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $293.06 on Friday. The stock has a 50-day simple moving average of $364.63 and a 200-day simple moving average of $339.62. The stock has a market capitalization of $35.69 billion, a P/E ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.29 earnings per share. Analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.