Diamond Hill Capital Management Inc. Grows Holdings in lululemon athletica inc. (NASDAQ:LULU)

Diamond Hill Capital Management Inc. boosted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,128,607 shares of the apparel retailer's stock after purchasing an additional 160,897 shares during the period. lululemon athletica comprises approximately 1.5% of Diamond Hill Capital Management Inc.'s portfolio, making the stock its 26th biggest holding. Diamond Hill Capital Management Inc. owned 0.94% of lululemon athletica worth $319,463,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LULU. Twin Capital Management Inc. grew its stake in lululemon athletica by 58.3% in the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after buying an additional 1,354 shares in the last quarter. Narwhal Capital Management grew its stake in lululemon athletica by 262.7% in the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after buying an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC purchased a new position in lululemon athletica in the 1st quarter valued at approximately $9,209,000. Flossbach Von Storch SE grew its stake in lululemon athletica by 10.3% in the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after buying an additional 130,565 shares in the last quarter. Finally, Bender Robert & Associates grew its stake in lululemon athletica by 18.5% in the 1st quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock valued at $12,727,000 after buying an additional 7,028 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Trading Up 0.3%

Shares of LULU stock traded up $0.74 on Friday, reaching $219.43. The company's stock had a trading volume of 2,629,124 shares, compared to its average volume of 3,103,179. The stock's fifty day simple moving average is $262.08 and its 200-day simple moving average is $307.52. lululemon athletica inc. has a 1 year low of $216.49 and a 1 year high of $423.32. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.85 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 analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. lululemon athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.54 earnings per share. Equities research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LULU shares. Argus lowered shares of lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Evercore ISI increased their target price on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. KeyCorp lowered their target price on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. JPMorgan Chase & Co. cut shares of lululemon athletica from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $303.00 to $224.00 in a research note on Tuesday. Finally, Cfra Research upgraded shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $337.53.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

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.