Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,028 shares of the apparel retailer’s stock after buying an additional 5,247 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.23% of lululemon athletica inc. worth $18,738,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its stake in shares of lululemon athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock valued at $925,000 after buying an additional 3,189 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock valued at $19,260,000 after buying an additional 28,686 shares during the last quarter. CIBC World Markets Inc. raised its stake in shares of lululemon athletica inc. by 6.6% in the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock valued at $578,000 after buying an additional 688 shares during the last quarter. Stifel Financial Corp raised its stake in shares of lululemon athletica inc. by 49.1% in the first quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock valued at $1,207,000 after buying an additional 7,701 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of lululemon athletica inc. by 55.2% in the first quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock valued at $42,587,000 after buying an additional 292,183 shares during the last quarter. Institutional investors own 79.56% of the company’s stock.

lululemon athletica inc. (LULU) opened at 61.69 on Friday. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The company’s 50-day moving average is $60.47 and its 200 day moving average is $57.49. The company has a market capitalization of $8.43 billion, a P/E ratio of 29.22 and a beta of 0.23.

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.91%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Analysts predict that lululemon athletica inc. will post $2.35 EPS for the current year.

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Several research firms have recently issued reports on LULU. Canaccord Genuity set a $41.00 price objective on shares of lululemon athletica inc. and gave the company a “sell” rating in a report on Tuesday. Vetr cut shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 price objective for the company. in a report on Monday, June 19th. Cowen and Company set a $67.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a report on Monday, August 21st. Credit Suisse Group reiterated a “hold” rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $56.00 price objective on shares of lululemon athletica inc. and gave the company a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica inc. currently has a consensus rating of “Hold” and a consensus price target of $66.13.

In other news, Director Glenn Murphy acquired 97,728 shares of lululemon athletica inc. stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the purchase, the director now directly owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

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

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