Commerzbank Aktiengesellschaft FI reduced its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 36.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 24,773 shares of the apparel retailer’s stock after selling 13,918 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in lululemon athletica inc. were worth $1,478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Xact Kapitalforvaltning AB lifted 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 purchasing an additional 3,189 shares during the period. Schwab Charles Investment Management Inc. raised its position in lululemon athletica inc. by 8.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after acquiring an additional 28,686 shares during the last quarter. CIBC World Markets Inc. raised its position in lululemon athletica inc. by 6.6% during the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after acquiring an additional 688 shares during the last quarter. Stifel Financial Corp raised its position in lululemon athletica inc. by 49.1% during the first quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock worth $1,207,000 after acquiring an additional 7,701 shares during the last quarter. Finally, Morgan Stanley raised its position in lululemon athletica inc. by 55.2% during the first quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock worth $42,587,000 after acquiring an additional 292,183 shares during the last quarter. 79.58% of the stock is currently owned by institutional investors.

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In other lululemon athletica inc. news, Director Glenn Murphy bought 97,728 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $55.50 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.29% of the company’s stock.

A number of brokerages have issued reports on LULU. UBS AG restated a “neutral” rating and set a $54.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a research report on Tuesday, May 30th. Barclays PLC set a $85.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a research report on Saturday, June 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $61.00 price objective (up previously from $58.00) on shares of lululemon athletica inc. in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $60.00 price objective (up previously from $56.00) on shares of lululemon athletica inc. in a research report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. set a $65.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a research report on Saturday, June 3rd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.68.

lululemon athletica inc. (NASDAQ LULU) opened at 61.49 on Thursday. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70. The company has a 50 day moving average price of $60.61 and a 200-day moving average price of $57.27. The company has a market capitalization of $8.41 billion, a PE ratio of 29.13 and a beta of 0.22. lululemon athletica inc. also saw unusually large options trading on Tuesday. Stock investors purchased 14,992 put options on the company. This represents an increase of 147% compared to the average daily volume of 6,070 put options.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that lululemon athletica inc. will post $2.40 EPS for the current year.

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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