California Public Employees Retirement System grew its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 3.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 215,100 shares of the apparel retailer’s stock after acquiring an additional 6,200 shares during the quarter. California Public Employees Retirement System owned about 0.16% of lululemon athletica inc. worth $12,835,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in lululemon athletica inc. by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after acquiring an additional 233,035 shares during the period. BlackRock Inc. boosted its position in lululemon athletica inc. by 4.4% during the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after acquiring an additional 228,068 shares during the period. HS Management Partners LLC boosted its position in lululemon athletica inc. by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after acquiring an additional 741,200 shares during the period. Eaton Vance Management acquired a new position in lululemon athletica inc. during the 2nd quarter worth $126,967,000. Finally, State Street Corp boosted its position in lululemon athletica inc. by 3.2% during the 1st quarter. State Street Corp now owns 2,096,308 shares of the apparel retailer’s stock worth $108,737,000 after acquiring an additional 65,889 shares during the period. Institutional investors own 80.43% of the company’s stock.

Shares of lululemon athletica inc. (LULU) opened at 61.34 on Thursday. The company’s 50-day moving average price is $60.15 and its 200 day moving average price is $56.66. The company has a market cap of $8.30 billion, a P/E ratio of 29.60 and a beta of 0.20. 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 announced its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities analysts forecast that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.

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LULU has been the subject of several research analyst reports. Cowen and Company restated an “outperform” rating and issued a $68.00 price objective (up previously from $67.00) on shares of lululemon athletica inc. in a report on Friday, September 1st. Zacks Investment Research upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Thursday, August 17th. Credit Suisse Group set a $56.00 price objective on lululemon athletica inc. and gave the company a “hold” rating in a report on Friday, August 25th. Instinet restated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of lululemon athletica inc. in a report on Friday, September 1st. Finally, Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price objective for the company in a report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.76.

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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