Bellecapital International Ltd. acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,525 shares of the apparel retailer's stock, valued at approximately $1,564,000.
Other large investors also recently made changes to their positions in the company. Net Worth Advisory Group grew its holdings in Lululemon Athletica by 43.6% during the 1st quarter. Net Worth Advisory Group now owns 1,759 shares of the apparel retailer's stock valued at $498,000 after purchasing an additional 534 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in Lululemon Athletica by 102.7% during the 1st quarter. Simon Quick Advisors LLC now owns 1,995 shares of the apparel retailer's stock worth $565,000 after acquiring an additional 1,011 shares in the last quarter. Investment Partners Asset Management Inc. grew its holdings in Lululemon Athletica by 20.3% during the 1st quarter. Investment Partners Asset Management Inc. now owns 866 shares of the apparel retailer's stock worth $245,000 after acquiring an additional 146 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Lululemon Athletica by 12.7% in the 1st quarter. Focus Financial Network Inc. now owns 711 shares of the apparel retailer's stock valued at $201,000 after buying an additional 80 shares during the period. Finally, CX Institutional acquired a new position in shares of Lululemon Athletica in the 1st quarter valued at about $181,000. Institutional investors and hedge funds own 85.20% of the company's stock.
Analyst Ratings Changes
LULU has been the topic of several recent research reports. Citigroup cut their price objective on shares of Lululemon Athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Stifel Nicolaus dropped their price target on shares of Lululemon Athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Barclays dropped their price target on shares of Lululemon Athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. BMO Capital Markets lowered their price objective on shares of 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. Finally, Jefferies Financial Group lowered their price objective on shares of Lululemon Athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $340.26.
View Our Latest Analysis on LULU
Lululemon Athletica Price Performance
Shares of LULU traded down $7.92 during trading hours on Friday, hitting $239.11. The stock had a trading volume of 4,511,966 shares, compared to its average volume of 2,216,630. The company's fifty day moving average is $284.75 and its two-hundred day moving average is $335.60. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.22 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.
Lululemon Athletica Company Profile
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Free Report)
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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