British Columbia Investment Management Corp boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,377 shares of the apparel retailer’s stock after buying an additional 1,906 shares during the period. British Columbia Investment Management Corp’s holdings in lululemon athletica inc. were worth $2,094,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in LULU. State Street Corp boosted its position in lululemon athletica inc. by 4.4% in the fourth quarter. State Street Corp now owns 2,030,419 shares of the apparel retailer’s stock valued at $131,928,000 after buying an additional 85,654 shares in the last quarter. Capital International Investors boosted its position in lululemon athletica inc. by 0.4% in the third quarter. Capital International Investors now owns 1,559,613 shares of the apparel retailer’s stock valued at $95,105,000 after buying an additional 6,310 shares in the last quarter. Norges Bank bought a new position in lululemon athletica inc. during the fourth quarter valued at about $78,954,000. Baird Financial Group Inc. boosted its position in lululemon athletica inc. by 11.2% in the fourth quarter. Baird Financial Group Inc. now owns 866,802 shares of the apparel retailer’s stock valued at $56,334,000 after buying an additional 87,385 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in lululemon athletica inc. by 14.7% in the fourth quarter. Janus Capital Management LLC now owns 669,947 shares of the apparel retailer’s stock valued at $43,540,000 after buying an additional 85,923 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for lululemon athletica inc. (NASDAQ:LULU)

Shares of lululemon athletica inc. (NASDAQ LULU) traded down 0.30% during mid-day trading on Friday, reaching $52.97. The company had a trading volume of 2,483,825 shares. The stock’s 50-day moving average price is $51.23 and its 200 day moving average price is $59.97. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The company has a market capitalization of $7.24 billion, a PE ratio of 25.09 and a beta of 0.15. lululemon athletica inc. also was the target of unusually large options trading on Wednesday. Stock traders acquired 5,329 call options on the company. This represents an increase of 165% compared to the typical volume of 2,013 call options.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Equities analysts expect that lululemon athletica inc. will post $2.33 EPS for the current year.

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Several research firms have issued reports on LULU. DA Davidson restated a “neutral” rating and set a $58.00 target price (down previously from $75.00) on shares of lululemon athletica inc. in a research note on Sunday, April 2nd. Berenberg Bank began coverage on shares of lululemon athletica inc. in a research note on Tuesday, May 16th. They set a “hold” rating and a $54.00 target price on the stock. Jefferies Group LLC set a $56.00 target price on shares of lululemon athletica inc. and gave the company a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Finally, Vetr upgraded shares of lululemon athletica inc. from a “buy” rating to a “strong-buy” rating and set a $73.71 target price on the stock in a research note on Thursday, February 23rd. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $64.65.

About lululemon athletica inc.

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

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