Glenmede Trust Co. NA raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 136.7% during the second quarter, Holdings Channel reports. The firm owned 1,373 shares of the apparel retailer’s stock after buying an additional 793 shares during the period. Glenmede Trust Co. NA’s holdings in Lululemon Athletica were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Jennison Associates LLC raised its position in shares of Lululemon Athletica by 761.4% in the second quarter. Jennison Associates LLC now owns 6,234,712 shares of the apparel retailer’s stock worth $460,496,000 after buying an additional 5,510,939 shares during the period. Norges Bank acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $47,695,000. 1832 Asset Management L.P. raised its position in shares of Lululemon Athletica by 296,140.0% in the first quarter. 1832 Asset Management L.P. now owns 740,600 shares of the apparel retailer’s stock worth $84,504,000 after buying an additional 740,350 shares during the period. First Trust Advisors LP acquired a new position in shares of Lululemon Athletica during the second quarter worth $26,135,000. Finally, RS Investment Management Co. LLC acquired a new position in shares of Lululemon Athletica during the second quarter worth $22,853,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) traded down 0.26% during midday trading on Monday, reaching $65.81. The company had a trading volume of 1,261,185 shares. The company has a market capitalization of $9.02 billion, a P/E ratio of 33.77 and a beta of 0.65. The company’s 50 day moving average price is $76.13 and its 200-day moving average price is $69.35. Lululemon Athletica Inc. has a 52 week low of $43.14 and a 52 week high of $81.81.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The company had revenue of $514.52 million for the quarter. Lululemon Athletica had a return on equity of 23.73% and a net margin of 12.28%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. On average, equities research analysts predict that Lululemon Athletica Inc. will post $2.13 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on LULU shares. Telsey Advisory Group boosted their target price on Lululemon Athletica from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Zacks Investment Research lowered Lululemon Athletica from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $90.00 target price on shares of Lululemon Athletica in a research report on Friday, August 26th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $48.00 target price on shares of Lululemon Athletica in a research report on Thursday, June 9th. Finally, Piper Jaffray Cos. raised Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.92.

Lululemon Athletica Company Profile

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

5 Day Chart for NASDAQ:LULU

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