Aberdeen Group plc Purchases 12,894 Shares of lululemon athletica inc. $LULU

Aberdeen Group plc increased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,158 shares of the apparel retailer's stock after acquiring an additional 12,894 shares during the period. Aberdeen Group plc owned about 0.07% of lululemon athletica worth $25,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in lululemon athletica by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 772,731 shares of the apparel retailer's stock worth $218,750,000 after purchasing an additional 73,260 shares during the period. Horizon Investments LLC boosted its stake in shares of lululemon athletica by 2.4% in the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after buying an additional 38 shares during the last quarter. Sei Investments Co. boosted its stake in shares of lululemon athletica by 1.1% in the 1st quarter. Sei Investments Co. now owns 116,434 shares of the apparel retailer's stock worth $32,958,000 after buying an additional 1,223 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of lululemon athletica by 4.0% in the first quarter. Kovitz Investment Group Partners LLC now owns 310,743 shares of the apparel retailer's stock worth $87,959,000 after acquiring an additional 11,991 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in lululemon athletica by 11.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,254 shares of the apparel retailer's stock valued at $7,715,000 after acquiring an additional 2,700 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LULU. JPMorgan Chase & Co. cut lululemon athletica from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $303.00 to $224.00 in a research report on Tuesday, July 22nd. KeyCorp dropped their price objective on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. BTIG Research cut their target price on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research report on Friday, June 6th. UBS Group decreased their price target on shares of lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Finally, CICC Research reiterated a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, lululemon athletica has a consensus rating of "Moderate Buy" and a consensus target price of $327.15.

Insider Transactions at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Price Performance

Shares of LULU opened at $198.46 on Monday. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32. The business's 50 day simple moving average is $224.16 and its 200-day simple moving average is $284.87.

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

lululemon athletica Company Profile

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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