Charles Schwab Investment Management Inc. Has $213.49 Million Position in lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in lululemon athletica by 4.8% to a total of 754,208 shares, valued at approximately $213.49 million.
• Other institutional investors such as Price T Rowe Associates and GAMMA Investing have made significant increases in their positions, with GAMMA investing seeing a growth of 37,062.1% in the first quarter.
• lululemon reported earnings of $2.60 per share for the latest quarter, matching analysts' expectations, while revenue rose by 7.3% year-over-year to $2.37 billion.

Charles Schwab Investment Management Inc. grew its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,208 shares of the apparel retailer's stock after buying an additional 34,795 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of lululemon athletica worth $213,486,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LULU. Anderson Financial Strategies LLC purchased a new stake in lululemon athletica in the 4th quarter worth approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica in the first quarter worth $25,000. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of lululemon athletica during the first quarter worth $35,000. Finally, True Wealth Design LLC raised its holdings in shares of lululemon athletica by 193.0% during the fourth quarter. True Wealth Design LLC now owns 126 shares of the apparel retailer's stock worth $48,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays cut their price objective on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. UBS Group cut their price objective 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. Bank of America cut their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Wells Fargo & Company cut their price target on shares of lululemon athletica from $270.00 to $225.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Finally, BMO Capital Markets reduced their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $327.15.

lululemon athletica Trading Up 3.5%

LULU stock traded up $6.49 during mid-day trading on Tuesday, hitting $192.93. The stock had a trading volume of 3,390,657 shares, compared to its average volume of 2,614,365. lululemon athletica inc. has a 52 week low of $185.95 and a 52 week high of $423.32. The firm has a market capitalization of $23.12 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.61 and a beta of 1.16. The firm has a fifty day simple moving average of $233.74 and a 200 day simple moving average of $290.87.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company earned $2.54 EPS. lululemon athletica's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

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.