Stifel Financial Corp raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 98.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,492 shares of the apparel retailer’s stock after purchasing an additional 23,091 shares during the period. Stifel Financial Corp’s holdings in lululemon athletica inc. were worth $2,773,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LULU. First Trust Advisors LP bought a new stake in lululemon athletica inc. during the first quarter valued at $955,000. Comerica Bank increased its stake in lululemon athletica inc. by 0.9% during the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after purchasing an additional 97 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in lululemon athletica inc. by 5.4% during the first quarter. UBS Asset Management Americas Inc. now owns 261,021 shares of the apparel retailer’s stock valued at $13,539,000 after purchasing an additional 13,260 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in lululemon athletica inc. by 47.6% during the first quarter. Parametric Portfolio Associates LLC now owns 67,964 shares of the apparel retailer’s stock valued at $3,525,000 after purchasing an additional 21,921 shares during the last quarter. Finally, KBC Group NV increased its stake in lululemon athletica inc. by 16.5% during the first quarter. KBC Group NV now owns 14,570 shares of the apparel retailer’s stock valued at $756,000 after purchasing an additional 2,061 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

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LULU has been the subject of several analyst reports. Vetr downgraded shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 price target for the company. in a report on Monday, June 19th. Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and set a $64.00 price target on shares of lululemon athletica inc. in a report on Friday, July 7th. BidaskClub raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Needham & Company LLC initiated coverage on shares of lululemon athletica inc. in a report on Tuesday, July 18th. They set a “buy” rating and a $67.00 price target for the company. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.76.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 60.50 on Friday. The firm’s 50-day moving average price is $60.58 and its 200-day moving average price is $56.65. The company has a market cap of $8.19 billion, a PE ratio of 29.20 and a beta of 0.20. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70.

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

lululemon athletica inc. 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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