Meeder Asset Management Inc. Acquires 6,947 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Meeder Asset Management Inc. lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 88.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,836 shares of the apparel retailer’s stock after acquiring an additional 6,947 shares during the quarter. Meeder Asset Management Inc.’s holdings in Lululemon Athletica were worth $5,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. bought a new position in Lululemon Athletica in the 4th quarter worth $275,000. Rockefeller Capital Management L.P. increased its position in shares of Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares during the period. Lebenthal Global Advisors LLC lifted its holdings 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 worth $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its position in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $17,775,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Stifel Nicolaus dropped their target price on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price target on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday. BMO Capital Markets lowered their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Bank of America cut their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $293.06 on Monday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. The business’s fifty day moving average price is $364.63 and its 200-day moving average price is $340.22.

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