Raiffeisen Bank International AG Purchases Shares of 118,624 Lululemon Athletica Inc. (NASDAQ:LULU)

Raiffeisen Bank International AG bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 118,624 shares of the apparel retailer’s stock, valued at approximately $45,558,000. Raiffeisen Bank International AG owned approximately 0.10% of Lululemon Athletica as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LULU. Rockbridge Capital Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $775,000. Point72 Europe London LLP bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $9,316,000. ProShare Advisors LLC increased its position in shares of Lululemon Athletica by 15.7% during the 4th quarter. ProShare Advisors LLC now owns 149,884 shares of the apparel retailer’s stock valued at $57,317,000 after purchasing an additional 20,390 shares during the last quarter. Quadcap Wealth Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth about $207,000. Finally, Quantinno Capital Management LP increased its stake in Lululemon Athletica by 61.1% in the 4th quarter. Quantinno Capital Management LP now owns 15,536 shares of the apparel retailer’s stock worth $5,941,000 after buying an additional 5,894 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Needham & Company LLC dropped their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Finally, Telsey Advisory Group reduced their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.72.

Lululemon Athletica Stock Performance

LULU opened at $315.84 on Thursday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market cap of $38.10 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business’s fifty day moving average is $286.27 and its 200-day moving average is $337.40.

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

About Lululemon Athletica

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.