Westpac Banking Corp held its position in lululemon athletica inc. (NASDAQ:LULU) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,879 shares of the apparel retailer’s stock at the end of the 2nd quarter. Westpac Banking Corp’s holdings in lululemon athletica inc. were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Comerica Bank grew its holdings in lululemon athletica inc. by 0.9% during the 1st quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after acquiring an additional 97 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in lululemon athletica inc. by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock worth $3,072,000 after acquiring an additional 173 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in lululemon athletica inc. by 5.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock worth $303,000 after acquiring an additional 287 shares during the last quarter. Bender Robert & Associates grew its holdings in lululemon athletica inc. by 0.4% during the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after acquiring an additional 302 shares during the last quarter. Finally, AXA grew its holdings in lululemon athletica inc. by 4.1% during the 1st quarter. AXA now owns 10,129 shares of the apparel retailer’s stock worth $525,000 after acquiring an additional 400 shares during the last quarter. 79.58% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica inc. (NASDAQ:LULU) opened at 60.60 on Friday. The company’s 50-day moving average is $60.59 and its 200 day moving average is $57.17. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 29.25 and a beta of 0.22. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share 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 business had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. During the same quarter in the previous year, the firm earned $0.38 EPS. lululemon athletica inc.’s revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

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A number of research firms have weighed in on LULU. Jefferies Group LLC set a $56.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a report on Friday, June 2nd. Cowen and Company reissued an “outperform” rating and set a $68.00 target price (up from $67.00) on shares of lululemon athletica inc. in a report on Friday, September 1st. Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Thursday, August 17th. Credit Suisse Group set a $56.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, UBS AG reissued a “neutral” rating and set a $54.00 target price (down from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. currently has an average rating of “Hold” and an average target price of $65.68.

In other lululemon athletica inc. news, Director Glenn Murphy bought 97,728 shares of the firm’s stock in a transaction 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 transaction, the director now owns 100,344 shares in the company, valued at $5,569,092. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

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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