Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 3,201 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,374 shares of the apparel retailer’s stock after buying an additional 3,201 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.05% of Lululemon Athletica worth $18,835,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Lululemon Athletica by 16.8% in the second quarter. Jennison Associates LLC now owns 4,507,815 shares of the apparel retailer’s stock worth $1,228,875,000 after purchasing an additional 648,749 shares during the period. Marsico Capital Management LLC purchased a new stake in Lululemon Athletica in the second quarter worth $114,725,000. M&G Investment Management Ltd. increased its stake in shares of Lululemon Athletica by 4,426.8% during the second quarter. M&G Investment Management Ltd. now owns 251,959 shares of the apparel retailer’s stock valued at $68,785,000 after buying an additional 246,393 shares during the period. Scout Investments Inc. increased its stake in shares of Lululemon Athletica by 171.5% during the third quarter. Scout Investments Inc. now owns 208,590 shares of the apparel retailer’s stock valued at $58,313,000 after buying an additional 131,756 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in shares of Lululemon Athletica by 7.6% during the second quarter. Artisan Partners Limited Partnership now owns 1,757,855 shares of the apparel retailer’s stock valued at $479,209,000 after buying an additional 124,306 shares during the period. 82.04% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 0.2 %

Lululemon Athletica stock opened at $315.47 on Monday. Lululemon Athletica Inc. has a 52 week low of $251.51 and a 52 week high of $410.70. The company has a market capitalization of $40.23 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. The stock has a 50-day moving average price of $337.74 and a 200-day moving average price of $318.70.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last released its earnings results on Thursday, December 8th. The apparel retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The company’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. Research analysts anticipate that Lululemon Athletica Inc. will post 9.91 EPS for the current fiscal year.

Analysts Set New Price Targets

LULU has been the topic of several research reports. Piper Sandler cut their price target on Lululemon Athletica from $390.00 to $385.00 and set an “overweight” rating on the stock in a research note on Thursday, January 5th. Telsey Advisory Group cut their price target on Lululemon Athletica from $470.00 to $425.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 10th. Credit Suisse Group raised their price target on Lululemon Athletica from $390.00 to $465.00 and gave the company an “outperform” rating in a research note on Monday, December 5th. JPMorgan Chase & Co. cut their price target on Lululemon Athletica from $464.00 to $413.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Finally, Wells Fargo & Company upgraded Lululemon Athletica from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $360.00 to $380.00 in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $404.46.

About Lululemon Athletica

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Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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