Ameriprise Financial Inc. lowered its stake in lululemon athletica inc. (NASDAQ:LULU) by 93.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,558 shares of the apparel retailer’s stock after selling 313,210 shares during the period. Ameriprise Financial Inc.’s holdings in lululemon athletica inc. were worth $1,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after buying an additional 28,686 shares during the period. Exane Derivatives purchased a new position in shares of lululemon athletica inc. in the second quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of lululemon athletica inc. by 27.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,153 shares of the apparel retailer’s stock worth $1,859,000 after buying an additional 6,624 shares during the period. BKS Advisors LLC increased its holdings in shares of lululemon athletica inc. by 20.8% in the second quarter. BKS Advisors LLC now owns 5,800 shares of the apparel retailer’s stock worth $346,000 after buying an additional 1,000 shares during the period. Finally, Stephens Investment Management Group LLC increased its holdings in shares of lululemon athletica inc. by 45.7% in the second quarter. Stephens Investment Management Group LLC now owns 315,203 shares of the apparel retailer’s stock worth $18,808,000 after buying an additional 98,939 shares during the period. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Several research firms have recently commented on LULU. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $68.00 price objective on shares of lululemon athletica inc. in a report on Tuesday, October 10th. BMO Capital Markets set a $55.00 target price on lululemon athletica inc. and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, October 4th. Stifel Nicolaus cut lululemon athletica inc. from a “buy” rating to a “hold” rating and raised their target price for the stock from $60.00 to $66.00 in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “hold” rating on shares of lululemon athletica inc. in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.67.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at $61.15 on Monday. lululemon athletica inc. has a 1 year low of $47.26 and a 1 year high of $72.70. The stock has a market cap of $8,278.55, a price-to-earnings ratio of 28.05, a PEG ratio of 2.12 and a beta of 0.15.

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, beating analysts’ consensus estimates of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The firm had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities analysts anticipate that lululemon athletica inc. will post 2.43 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for lululemon athletica inc. (NASDAQ:LULU)

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