Tokio Marine Asset Management Co. Ltd. Purchases 170 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Tokio Marine Asset Management Co. Ltd. raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,731 shares of the apparel retailer’s stock after acquiring an additional 170 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Lululemon Athletica were worth $1,396,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LULU. Daymark Wealth Partners LLC boosted its stake in Lululemon Athletica by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in Lululemon Athletica by 1.9% in the fourth quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in Lululemon Athletica by 1.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after purchasing an additional 23 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in Lululemon Athletica by 11.1% in the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 25 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in shares of Lululemon Athletica by 3.3% during the third quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock valued at $312,000 after acquiring an additional 26 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LULU shares. Jefferies Financial Group cut their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Barclays cut their price target on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $550.00 price target on shares of Lululemon Athletica in a research note on Friday, March 22nd. Wells Fargo & Company cut their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Friday, March 22nd. Finally, 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 note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $483.61.

Lululemon Athletica Price Performance

LULU traded up $4.75 during trading on Friday, hitting $364.75. The stock had a trading volume of 153,851 shares, compared to its average volume of 1,758,529. The company has a 50 day moving average price of $412.27 and a 200-day moving average price of $438.30. The firm has a market cap of $45.96 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm 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 posted $4.40 EPS. The business’s revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

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.