Nomura Asset Management Co. Ltd. Sells 4,133 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Nomura Asset Management Co. Ltd. lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,510 shares of the apparel retailer’s stock after selling 4,133 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.06% of Lululemon Athletica worth $27,729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its position in shares of Lululemon Athletica by 13.1% in the third quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer’s stock valued at $834,000 after acquiring an additional 356 shares during the period. Townsquare Capital LLC boosted its holdings in Lululemon Athletica by 47.9% in the 3rd quarter. Townsquare Capital LLC now owns 2,205 shares of the apparel retailer’s stock valued at $598,000 after purchasing an additional 714 shares during the period. Glenmede Trust Co. NA boosted its holdings in Lululemon Athletica by 18.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,614 shares of the apparel retailer’s stock valued at $438,000 after purchasing an additional 256 shares during the period. CreativeOne Wealth LLC acquired a new stake in Lululemon Athletica in the 3rd quarter worth $274,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lululemon Athletica by 21.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,773 shares of the apparel retailer’s stock worth $18,390,000 after purchasing an additional 11,988 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $293.06 on Friday. The firm has a 50 day simple moving average of $364.63 and a 200 day simple moving average of $339.62. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm has a market cap of $35.69 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.29 earnings per share. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent research reports. TD Securities lifted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. BTIG Research decreased their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday. Telsey Advisory Group cut their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday. Guggenheim lifted their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.72.

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.