BKS Advisors LLC raised its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 20.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,800 shares of the apparel retailer’s stock after buying an additional 1,000 shares during the period. BKS Advisors LLC’s holdings in lululemon athletica inc. were worth $346,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of Montreal Can boosted its stake in lululemon athletica inc. by 6.7% in the first quarter. Bank of Montreal Can now owns 14,425 shares of the apparel retailer’s stock worth $748,000 after buying an additional 902 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares in the last quarter. Korea Investment CORP boosted its stake in lululemon athletica inc. by 10.4% in the first quarter. Korea Investment CORP now owns 46,800 shares of the apparel retailer’s stock worth $2,428,000 after buying an additional 4,400 shares in the last quarter. First Mercantile Trust Co. boosted its stake in lululemon athletica inc. by 4.0% in the first quarter. First Mercantile Trust Co. now owns 10,400 shares of the apparel retailer’s stock worth $539,000 after buying an additional 400 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in lululemon athletica inc. by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,469 shares of the apparel retailer’s stock worth $1,165,000 after buying an additional 3,944 shares in the last quarter. 79.56% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica inc. (NASDAQ LULU) opened at 57.61 on Thursday. The firm has a market capitalization of $7.88 billion, a P/E ratio of 27.29 and a beta of 0.25. The stock’s 50 day moving average price is $60.44 and its 200-day moving average price is $57.77. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.24. lululemon athletica inc. also was the target of some unusual options trading activity on Tuesday. Investors acquired 13,238 call options on the stock. This represents an increase of 195% compared to the average daily volume of 4,485 call options.

lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.54%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities analysts forecast that lululemon athletica inc. will post $2.35 earnings per share for the current year.

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Several equities research analysts have recently issued reports on the company. Vetr cut lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 target price on the stock. in a report on Wednesday, May 10th. Berenberg Bank assumed coverage on lululemon athletica inc. in a report on Tuesday, May 16th. They issued a “hold” rating and a $54.00 target price on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $56.00 target price on shares of lululemon athletica inc. in a report on Wednesday, May 17th. Zacks Investment Research cut lululemon athletica inc. from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, Canaccord Genuity reaffirmed a “sell” rating and issued a $41.00 target price on shares of lululemon athletica inc. in a report on Tuesday, May 23rd. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.71.

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

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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