Pinnacle Financial Partners Inc. acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,192 shares of the apparel retailer’s stock, valued at approximately $261,000.

Several other large investors also recently made changes to their positions in LULU. IHT Wealth Management LLC lifted its position in shares of lululemon athletica inc. by 591.0% during the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after acquiring an additional 1,182 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of lululemon athletica inc. by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after acquiring an additional 719 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of lululemon athletica inc. during the 3rd quarter valued at $156,000. Oakbrook Investments LLC acquired a new stake in shares of lululemon athletica inc. during the 3rd quarter valued at $202,000. Finally, Suntrust Banks Inc. lifted its position in shares of lululemon athletica inc. by 5.9% during the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

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A number of brokerages have recently commented on LULU. Zacks Investment Research downgraded lululemon athletica inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $68.00 price objective on shares of lululemon athletica inc. in a research report on Tuesday, October 10th. BMO Capital Markets set a $55.00 price objective on lululemon athletica inc. and gave the company a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird reiterated a “buy” rating and set a $72.00 price objective on shares of lululemon athletica inc. in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus downgraded lululemon athletica inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $60.00 to $66.00 in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. lululemon athletica inc. has a consensus rating of “Hold” and an average price target of $65.67.

lululemon athletica inc. (NASDAQ LULU) traded down $0.30 during mid-day trading on Wednesday, reaching $66.58. The company had a trading volume of 1,069,500 shares, compared to its average volume of 2,639,893. The firm has a market capitalization of $9,054.28, a P/E ratio of 30.68, a PEG ratio of 2.32 and a beta of 0.15. lululemon athletica inc. has a fifty-two week low of $47.26 and a fifty-two week high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. equities analysts predict that lululemon athletica inc. will post 2.43 EPS for the current fiscal year.

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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