Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,000 shares of the apparel retailer’s stock after buying an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Lululemon Athletica were worth $7,648,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $33,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of several recent analyst reports. Telsey Advisory Group decreased their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Argus cut Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. UBS Group reduced their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Bank of America lowered their price objective on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $378.31.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $263.70 on Friday. The stock has a market capitalization of $32.11 billion, a PE ratio of 19.04, a P/E/G ratio of 2.22 and a beta of 1.31. The stock has a 50-day simple moving average of $353.59 and a 200 day simple moving average of $339.97. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $5.29 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS 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.