KCM Investment Advisors LLC Raises Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

KCM Investment Advisors LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,330 shares of the apparel retailer’s stock after acquiring an additional 110 shares during the quarter. KCM Investment Advisors LLC’s holdings in Lululemon Athletica were worth $3,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in shares of Lululemon Athletica in the 4th quarter worth about $14,621,000. Wealth Advisors of Tampa Bay LLC raised its position in Lululemon Athletica by 1.4% during the fourth quarter. Wealth Advisors of Tampa Bay LLC now owns 4,327 shares of the apparel retailer’s stock worth $1,655,000 after acquiring an additional 60 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $18,540,000. Arete Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 41.9% in the fourth quarter. Arete Wealth Advisors LLC now owns 4,574 shares of the apparel retailer’s stock valued at $1,750,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in shares of Lululemon Athletica by 4.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 2,080 shares of the apparel retailer’s stock worth $795,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup set a $330.00 target price on Lululemon Athletica and gave the company a “negative” rating in a report on Friday, March 28th. Telsey Advisory Group decreased 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. JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Wells Fargo & Company decreased their price target on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Finally, Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $378.31.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $263.70 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31. The business has a 50-day moving average of $353.59 and a 200-day moving average of $339.97.

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

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.