First Mercantile Trust Co. cut its stake in lululemon athletica inc. (NASDAQ:LULU) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the apparel retailer’s stock after selling 1,400 shares during the period. First Mercantile Trust Co.’s holdings in lululemon athletica inc. were worth $537,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LULU. BlackRock Inc. raised its stake in shares of lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after buying an additional 5,040,109 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after buying an additional 1,098,057 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of lululemon athletica inc. by 172.4% in the first quarter. Renaissance Technologies LLC now owns 1,197,100 shares of the apparel retailer’s stock valued at $62,094,000 after buying an additional 757,600 shares during the last quarter. Korea Investment CORP raised its stake in shares of lululemon athletica inc. by 680.3% in the second quarter. Korea Investment CORP now owns 365,200 shares of the apparel retailer’s stock valued at $21,791,000 after buying an additional 318,400 shares during the last quarter. Finally, HS Management Partners LLC raised its stake in shares of lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock valued at $105,518,000 after buying an additional 309,212 shares during the last quarter. 80.64% of the stock is owned by institutional investors.

Shares of lululemon athletica inc. (NASDAQ LULU) opened at 59.93 on Tuesday. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 28.39 and a beta of 0.25. The company’s 50 day moving average is $60.08 and its 200-day moving average is $58.11.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Equities analysts anticipate that lululemon athletica inc. will post $2.34 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on LULU shares. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the stock a “buy” rating in a report on Thursday, April 20th. Vetr raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price target for the company in a report on Monday, May 1st. Stifel Nicolaus raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $56.00 price target on shares of lululemon athletica inc. in a report on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company. lululemon athletica inc. presently has an average rating of “Hold” and a consensus price target of $64.80.

In related news, Director Glenn Murphy purchased 100,000 shares of lululemon athletica inc. stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average cost of $55.50 per share, with a total value of $5,550,000.00. Following the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

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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