Schwab Charles Investment Management Inc. increased its position in lululemon athletica inc. (NASDAQ:LULU) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,296 shares of the apparel retailer’s stock after buying an additional 28,686 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.27% of lululemon athletica inc. worth $19,260,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LULU. Comerica Bank increased its stake in shares of lululemon athletica inc. by 61.7% in the fourth quarter. Comerica Bank now owns 11,052 shares of the apparel retailer’s stock valued at $751,000 after buying an additional 4,218 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of lululemon athletica inc. by 19.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,617 shares of the apparel retailer’s stock valued at $300,000 after buying an additional 766 shares in the last quarter. Credit Agricole S A boosted its stake in shares of lululemon athletica inc. by 19.9% in the fourth quarter. Credit Agricole S A now owns 32,963 shares of the apparel retailer’s stock valued at $2,143,000 after buying an additional 5,468 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of lululemon athletica inc. by 207.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,063 shares of the apparel retailer’s stock valued at $328,000 after buying an additional 3,417 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of lululemon athletica inc. during the fourth quarter valued at about $78,954,000. 79.67% of the stock is owned by institutional investors and hedge funds.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 1.19% during trading on Thursday, hitting $60.50. 1,501,370 shares of the stock were exchanged. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 28.67 and a beta of 0.24. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81. The firm has a 50 day moving average of $58.09 and a 200-day moving average of $58.47.

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million during the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. On average, analysts forecast that lululemon athletica inc. will post $2.34 earnings per share for the current year.

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Several brokerages have recently weighed in on LULU. 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 price target on the stock. Jefferies Group LLC set a $56.00 price objective on shares of lululemon athletica inc. and gave the company a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Stifel Nicolaus upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a report on Tuesday, April 18th. Finally, UBS AG restated a “neutral” rating and issued a $54.00 target price (down from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $64.80.

In other news, Director Glenn Murphy purchased 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

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.

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

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