National Pension Service increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,704 shares of the apparel retailer’s stock after purchasing an additional 13,374 shares during the period. National Pension Service’s holdings in Lululemon Athletica were worth $70,747,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd grew its position in Lululemon Athletica by 17.4% in the first quarter. IFM Investors Pty Ltd now owns 18,272 shares of the apparel retailer’s stock worth $6,673,000 after buying an additional 2,714 shares during the last quarter. Avondale Wealth Management grew its position in Lululemon Athletica by 4.2% in the first quarter. Avondale Wealth Management now owns 891 shares of the apparel retailer’s stock worth $325,000 after buying an additional 36 shares during the last quarter. Vienna Asset Management LLC acquired a new position in Lululemon Athletica in the fourth quarter worth approximately $117,000. BlackRock Inc. grew its position in Lululemon Athletica by 1.3% in the first quarter. BlackRock Inc. now owns 6,610,763 shares of the apparel retailer’s stock worth $2,414,447,000 after buying an additional 87,610 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Lululemon Athletica by 11.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,832 shares of the apparel retailer’s stock worth $24,774,000 after buying an additional 7,143 shares during the last quarter. Institutional investors own 81.11% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on LULU. KGI Securities lowered shares of Lululemon Athletica from an “outperform” rating to a “neutral” rating in a research report on Monday, May 23rd. Credit Suisse Group lowered their price objective on shares of Lululemon Athletica from $450.00 to $410.00 and set an “outperform” rating on the stock in a research report on Friday, June 3rd. Stifel Nicolaus lifted their price objective on shares of Lululemon Athletica from $381.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 2nd. B. Riley lowered their price objective on shares of Lululemon Athletica from $440.00 to $377.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. Finally, BTIG Research lowered their price objective on shares of Lululemon Athletica from $420.00 to $402.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $407.96.
Lululemon Athletica Trading Up 2.6 %
Lululemon Athletica (NASDAQ:LULU – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.34. Lululemon Athletica had a net margin of 15.60% and a return on equity of 40.95%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business earned $1.65 EPS. Lululemon Athletica’s quarterly revenue was up 28.8% compared to the same quarter last year. As a group, analysts forecast that Lululemon Athletica Inc. will post 9.87 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Kourtney Gibson bought 200 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was purchased at an average price of $280.12 per share, with a total value of $56,024.00. Following the transaction, the director now directly owns 1,302 shares in the company, valued at $364,716.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.
About Lululemon Athletica
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.
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