Giverny Capital Inc. Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Giverny Capital Inc. boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,368 shares of the apparel retailer’s stock after acquiring an additional 1,891 shares during the quarter. Lululemon Athletica accounts for approximately 2.0% of Giverny Capital Inc.’s portfolio, making the stock its 19th largest holding. Giverny Capital Inc. owned about 0.12% of Lululemon Athletica worth $54,825,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica during the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. raised its stake in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at $142,235,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $261.03 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.22 and a beta of 1.31. The company has a 50-day moving average of $332.40 and a 200 day moving average of $339.26.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $5.29 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LULU. Evercore ISI boosted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Piper Sandler lowered their target price on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday. KeyCorp reduced their price target on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Wells Fargo & Company decreased their price target on 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, BTIG Research dropped their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $371.79.

Lululemon Athletica Company 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.