Pictet Asset Management Ltd. raised its stake in lululemon athletica inc. (NASDAQ:LULU) by 24.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 392,093 shares of the apparel retailer’s stock after buying an additional 77,681 shares during the period. Pictet Asset Management Ltd.’s holdings in lululemon athletica inc. were worth $18,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC increased its position in shares of lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock valued at $238,000 after buying an additional 84 shares during the last quarter. Comerica Bank increased its position in shares of lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after buying an additional 97 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of 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 valued at $142,000 after buying an additional 121 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock valued at $3,072,000 after buying an additional 173 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of lululemon athletica inc. by 5.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock valued at $303,000 after buying an additional 287 shares during the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica inc. (NASDAQ:LULU) opened at 59.76 on Friday. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The firm has a 50-day moving average price of $59.95 and a 200 day moving average price of $58.31. The company has a market cap of $8.17 billion, a P/E ratio of 28.31 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $513.99 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. lululemon athletica inc.’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.

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Several research analysts have commented on the company. UBS AG reissued a “neutral” rating and set a $54.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Stifel Nicolaus set a $60.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research note on Sunday, May 28th. Barclays PLC set a $85.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Finally, Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 target price for the company in a research note on Thursday. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. lululemon athletica inc. has an average rating of “Hold” and an average target price of $64.80.

In related news, Director Glenn Murphy purchased 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the completion of the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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