Pioneer Investment Management Inc. bought a new stake in lululemon athletica inc. (NASDAQ:LULU) during the second quarter, Holdings Channel reports. The fund bought 137,292 shares of the apparel retailer’s stock, valued at approximately $8,192,000.

A number of other hedge funds have also recently bought and sold shares of LULU. BlackRock Inc. boosted its stake in lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after buying an additional 5,040,109 shares in the last quarter. Janus Capital Management LLC boosted its stake in lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after buying an additional 1,098,057 shares during the period. Renaissance Technologies LLC boosted its stake in lululemon athletica inc. by 172.4% in the first quarter. Renaissance Technologies LLC now owns 1,197,100 shares of the apparel retailer’s stock valued at $62,094,000 after buying an additional 757,600 shares during the period. Korea Investment CORP boosted its stake in lululemon athletica inc. by 680.3% in the second quarter. Korea Investment CORP now owns 365,200 shares of the apparel retailer’s stock valued at $21,791,000 after buying an additional 318,400 shares during the period. Finally, HS Management Partners LLC boosted its stake in lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock valued at $105,518,000 after buying an additional 309,212 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 59.76 on Friday. The company’s 50-day moving average is $59.95 and its 200 day moving average is $58.31. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.81. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 28.31 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $520.30 million during the quarter, compared to analyst estimates of $513.99 million. During the same period last year, the firm posted $0.33 EPS. lululemon athletica inc.’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that lululemon athletica inc. will post $2.34 earnings per share for the current year.

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Several analysts have recently weighed in on LULU shares. Cowen and Company set a $64.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a research report on Thursday, April 20th. Vetr upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price objective on the stock in a research report on Monday, May 1st. Stifel Nicolaus upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 18th. Zacks Investment Research cut shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, Credit Suisse Group restated a “hold” rating and set a $56.00 price objective on shares of lululemon athletica inc. in a research report on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company. lululemon athletica inc. has an average rating of “Hold” and a consensus target price of $64.80.

In other news, Director Glenn Murphy acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of $55.50 per share, with a total value of $5,550,000.00. Following the purchase, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.29% of the company’s stock.

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

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