32,532 Shares in lululemon athletica inc. (NASDAQ:LULU) Purchased by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC purchased a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 32,532 shares of the apparel retailer's stock, valued at approximately $9,209,000.

Other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC purchased a new position in lululemon athletica in the 4th quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new position in lululemon athletica in the 4th quarter worth about $30,000. Kestra Investment Management LLC purchased a new position in lululemon athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in lululemon athletica in the 4th quarter worth about $32,000. Finally, Garde Capital Inc. purchased a new position in lululemon athletica in the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LULU. Jefferies Financial Group dropped their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. Barclays lowered their target price on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. BMO Capital Markets lowered their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. Needham & Company LLC lowered their target price on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, BTIG Research lowered their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica Stock Performance

LULU opened at $227.47 on Monday. The business has a 50 day moving average price of $281.72 and a 200 day moving average price of $332.18. lululemon athletica inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market cap of $27.26 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $2.54 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

About lululemon athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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