Blair William & Co. IL Increases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Blair William & Co. IL increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 469,801 shares of the apparel retailer’s stock after acquiring an additional 19,311 shares during the period. Blair William & Co. IL’s holdings in Lululemon Athletica were worth $171,463,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FFT Wealth Management LLC purchased a new position in Lululemon Athletica in the second quarter worth $28,000. Clean Yield Group purchased a new position in Lululemon Athletica in the second quarter worth $31,000. Orion Capital Management LLC purchased a new position in Lululemon Athletica in the second quarter worth $36,000. Altshuler Shaham Ltd lifted its stake in Lululemon Athletica by 410.0% in the first quarter. Altshuler Shaham Ltd now owns 102 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 82 shares during the last quarter. Finally, Bbva USA bought a new stake in Lululemon Athletica in the second quarter worth $38,000. Institutional investors own 79.83% of the company’s stock.

Shares of Lululemon Athletica stock traded down $0.86 during trading on Monday, hitting $431.75. 19,996 shares of the company’s stock traded hands, compared to its average volume of 1,201,136. Lululemon Athletica Inc. has a 1 year low of $269.28 and a 1 year high of $437.32. The business has a 50-day simple moving average of $405.31 and a 200-day simple moving average of $357.52. The stock has a market capitalization of $56.05 billion, a P/E ratio of 68.45, a PEG ratio of 3.06 and a beta of 1.36.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Tuesday, September 7th. The apparel retailer reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.46. Lululemon Athletica had a net margin of 14.96% and a return on equity of 34.16%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 60.7% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 7.58 EPS for the current year.

Several equities research analysts recently weighed in on the company. UBS Group increased their target price on Lululemon Athletica from $375.00 to $430.00 and gave the company a “neutral” rating in a report on Friday, September 10th. KGI Securities assumed coverage on Lululemon Athletica in a report on Tuesday, July 6th. They set an “outperform” rating for the company. Cowen increased their target price on Lululemon Athletica from $476.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, September 9th. JPMorgan Chase & Co. increased their price objective on Lululemon Athletica from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, September 9th. Finally, BTIG Research increased their price objective on Lululemon Athletica from $440.00 to $473.00 and gave the stock a “buy” rating in a report on Thursday, September 9th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $448.32.

In other news, insider Celeste Burgoyne sold 14,362 shares of the stock in a transaction on Tuesday, June 29th. The stock was sold at an average price of $366.95, for a total transaction of $5,270,135.90. Following the transaction, the insider now directly owns 9,477 shares of the company’s stock, valued at approximately $3,477,585.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Sun Choe sold 21,223 shares of the stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $424.75, for a total value of $9,014,469.25. The disclosure for this sale can be found here. Insiders sold 45,835 shares of company stock worth $18,663,305 in the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

About Lululemon Athletica

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

See Also: Operating Income

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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