Stephens Investment Management Group LLC increased its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 45.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 315,203 shares of the apparel retailer’s stock after purchasing an additional 98,939 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.23% of lululemon athletica inc. worth $18,808,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exane Derivatives purchased a new stake in shares of lululemon athletica inc. during the second quarter worth approximately $106,000. Global X Management Co. LLC increased its position in shares of lululemon athletica inc. by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 719 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of lululemon athletica inc. by 40.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after purchasing an additional 1,000 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in shares of lululemon athletica inc. during the first quarter worth approximately $206,000. Finally, Canada Pension Plan Investment Board increased its position in shares of lululemon athletica inc. by 80.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,358 shares of the apparel retailer’s stock worth $226,000 after purchasing an additional 1,948 shares in the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

lululemon athletica inc. (NASDAQ LULU) traded up 0.23% on Wednesday, hitting $61.93. The stock had a trading volume of 87,175 shares. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70. The firm has a market cap of $8.38 billion, a PE ratio of 29.89 and a beta of 0.22. The company’s 50 day moving average is $60.64 and its 200 day moving average is $57.18.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.

Several brokerages recently commented on LULU. Sanford C. Bernstein began coverage on lululemon athletica inc. in a research report on Tuesday. They set a “market perform” rating and a $66.00 price target for the company. Zacks Investment Research cut lululemon athletica inc. from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Susquehanna Bancshares Inc upgraded lululemon athletica inc. from a “neutral” rating to a “positive” rating and set a $64.00 price target for the company in a research report on Tuesday, September 5th. UBS AG upgraded lululemon athletica inc. from a “neutral” rating to a “positive” rating in a research report on Tuesday, September 5th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $59.00 price target on shares of lululemon athletica inc. in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued 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 an average price target of $65.68.

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In other lululemon athletica inc. news, Director Glenn Murphy purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average price of $55.50 per share, for a total transaction of $5,550,000.00. Following the completion of the purchase, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

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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