Janney Montgomery Scott LLC boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 23,918 shares of the apparel retailer’s stock after buying an additional 1,449 shares during the period. Janney Montgomery Scott LLC’s holdings in lululemon athletica inc. were worth $1,427,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of lululemon athletica inc. by 3.7% in the first quarter. Vanguard Group Inc. now owns 7,617,031 shares of the apparel retailer’s stock valued at $395,095,000 after buying an additional 269,847 shares in the last quarter. BlackRock Inc. increased its position 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 in the last quarter. State Street Corp increased its position in shares of lululemon athletica inc. by 3.2% in the first quarter. State Street Corp now owns 2,096,308 shares of the apparel retailer’s stock valued at $108,737,000 after buying an additional 65,889 shares in the last quarter. HS Management Partners LLC increased its position 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 in the last quarter. Finally, Janus Capital Management LLC increased its position 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 in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Shares of lululemon athletica inc. (LULU) opened at 61.89 on Thursday. The stock has a 50 day moving average of $59.59 and a 200-day moving average of $58.34. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.81. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 29.32 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last issued 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. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business had revenue of $520.30 million for the quarter, compared to analysts’ expectations of $513.99 million. During the same period last year, the business earned $0.33 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Janney Montgomery Scott LLC Has $1.43 Million Position in lululemon athletica inc. (NASDAQ:LULU)” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/janney-montgomery-scott-llc-has-1-43-million-position-in-lululemon-athletica-inc-nasdaqlulu/1468013.html.

Several equities analysts recently issued reports on LULU shares. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the company a “buy” rating in a report on Thursday, April 20th. Vetr downgraded shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 target price for the company. in a research note on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 target price on shares of lululemon athletica inc. in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 target price (up from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $58.00 target price (up from $56.00) on shares of lululemon athletica inc. in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.80.

In related news, Director Glenn Murphy acquired 97,728 shares of the company’s stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the purchase, the director now owns 100,344 shares in the company, valued at $5,569,092. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU).

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

Receive News & Ratings for lululemon athletica inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.