Tobam reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 11.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 536,369 shares of the apparel retailer’s stock after selling 68,669 shares during the period. Tobam owned approximately 0.39% of lululemon athletica inc. worth $27,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of lululemon athletica inc. by 0.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,410 shares of the apparel retailer’s stock valued at $13,624,000 after buying an additional 927 shares during the period. Princeton Alpha Management LP purchased a new stake in shares of lululemon athletica inc. during the third quarter valued at about $279,000. Emerald Acquisition Ltd. increased its position in lululemon athletica inc. by 8.6% in the third quarter. Emerald Acquisition Ltd. now owns 175,732 shares of the apparel retailer’s stock worth $10,716,000 after buying an additional 13,870 shares during the period. BlackRock Fund Advisors increased its position in lululemon athletica inc. by 1.8% in the third quarter. BlackRock Fund Advisors now owns 1,007,264 shares of the apparel retailer’s stock worth $61,423,000 after buying an additional 17,451 shares during the period. Finally, BlackRock Investment Management LLC increased its position in lululemon athletica inc. by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 49,880 shares of the apparel retailer’s stock worth $3,042,000 after buying an additional 260 shares during the period. 80.49% of the stock is currently owned by institutional investors.

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

Shares of lululemon athletica inc. (LULU) opened at 52.97 on Monday. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.81. The company has a market cap of $7.24 billion, a P/E ratio of 25.09 and a beta of 0.15. The stock’s 50 day moving average is $51.23 and its 200-day moving average is $59.97.

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

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A number of equities research analysts have issued reports on LULU shares. Stifel Nicolaus decreased their price target on shares of lululemon athletica inc. from $67.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, March 30th. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the company a “buy” rating in a report on Thursday, April 20th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $57.00 target price (down previously from $82.00) on shares of lululemon athletica inc. in a research note on Thursday, March 30th. Vetr cut shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 target price for the company. in a research note on Wednesday, May 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $59.00 target price (up previously from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.60.

lululemon athletica inc. Company Profile

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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