Bank Julius Baer & Co. Ltd Zurich Cuts Stock Position in lululemon athletica inc. (NASDAQ:LULU)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,725 shares of the apparel retailer's stock after selling 2,138 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in lululemon athletica were worth $16,751,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LULU. Price T Rowe Associates Inc. MD raised its position in shares of lululemon athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of lululemon athletica in the 4th quarter worth about $523,520,000. Alliancebernstein L.P. raised its position in shares of lululemon athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. GAMMA Investing LLC raised its position in shares of lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after purchasing an additional 561,491 shares during the last quarter. Finally, Capital World Investors raised its position in lululemon athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after buying an additional 556,406 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

LULU has been the subject of a number of recent analyst reports. William Blair reissued an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Needham & Company LLC decreased their target price on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. CICC Research reissued a "market perform" rating and issued a $280.49 target price on shares of lululemon athletica in a research report on Monday, June 9th. Finally, BMO Capital Markets decreased their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, lululemon athletica presently has an average rating of "Moderate Buy" and an average price target of $337.53.

lululemon athletica Trading Up 0.1%

NASDAQ:LULU traded up $0.21 during midday trading on Friday, hitting $218.90. 2,028,458 shares of the company traded hands, compared to its average volume of 2,558,375. The firm's fifty day moving average is $262.08 and its 200-day moving average is $307.52. lululemon athletica inc. has a 12-month low of $216.49 and a 12-month high of $423.32. The firm has a market capitalization of $26.24 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.90 and a beta of 1.17.

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

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

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.