DekaBank Deutsche Girozentrale Grows Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

DekaBank Deutsche Girozentrale boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 48,680 shares of the apparel retailer's stock after purchasing an additional 1,366 shares during the period. DekaBank Deutsche Girozentrale's holdings in lululemon athletica were worth $13,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TCTC Holdings LLC purchased a new stake in shares of lululemon athletica during the 4th quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of lululemon athletica during the 4th quarter worth about $30,000. MV Capital Management Inc. boosted its stake in shares of lululemon athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 37 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of lululemon athletica during the 1st quarter worth about $35,000. Finally, True Wealth Design LLC boosted its stake in shares of lululemon athletica by 193.0% during the 4th 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. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LULU. JPMorgan Chase & Co. lowered their target price on shares of lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. Bank of America lowered their target price on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. CICC Research reissued a "market perform" rating and set a $280.49 target price on shares of lululemon athletica in a research note on Monday, June 9th. Barclays decreased 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 note on Monday, June 9th. Finally, Needham & Company LLC decreased their price target on shares of lululemon athletica from $366.00 to $317.00 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Trading Down 0.8%

lululemon athletica stock traded down $2.01 during trading on Friday, hitting $236.51. The company had a trading volume of 1,666,312 shares, compared to its average volume of 2,342,237. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The company's 50 day simple moving average is $274.21 and its 200-day simple moving average is $316.85. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.00 and a beta of 1.17.

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, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned $2.54 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In other lululemon athletica 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 completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

lululemon athletica 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.