AIA Group Ltd Grows Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

AIA Group Ltd raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,311 shares of the apparel retailer’s stock after buying an additional 474 shares during the period. AIA Group Ltd’s holdings in Lululemon Athletica were worth $4,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tilt Investment Management Holdings PBC acquired a new stake in Lululemon Athletica in the fourth quarter valued at $236,000. Cambridge Trust Co. increased its position in shares of Lululemon Athletica by 5.4% during the fourth quarter. Cambridge Trust Co. now owns 38,621 shares of the apparel retailer’s stock worth $19,747,000 after purchasing an additional 1,979 shares in the last quarter. Tufton Capital Management acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $205,000. Peterson Wealth Services increased its position in shares of Lululemon Athletica by 2.7% during the fourth quarter. Peterson Wealth Services now owns 6,338 shares of the apparel retailer’s stock worth $3,240,000 after purchasing an additional 164 shares in the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $415,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 0.5 %

Shares of NASDAQ:LULU traded up $1.66 during trading on Thursday, hitting $346.52. 1,493,153 shares of the stock were exchanged, compared to its average volume of 1,762,708. The company has a fifty day moving average price of $424.95 and a two-hundred day moving average price of $439.26. The company has a market cap of $43.66 billion, a PE ratio of 28.24, a P/E/G ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 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 business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the company earned $4.40 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. 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 report on Friday, March 22nd. Barclays cut their target price on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Raymond James lifted their target price on Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Finally, Wedbush dropped their price target on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.