Exchange Traded Concepts LLC Raises Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Exchange Traded Concepts LLC raised its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 300.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,858 shares of the apparel retailer's stock after acquiring an additional 2,895 shares during the period. Exchange Traded Concepts LLC's holdings in lululemon athletica were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of LULU. Sound Income Strategies LLC raised its holdings in lululemon athletica by 70.9% during the 1st quarter. Sound Income Strategies LLC now owns 147 shares of the apparel retailer's stock valued at $42,000 after buying an additional 61 shares during the period. Tcfg Wealth Management LLC raised its holdings in lululemon athletica by 19.9% during the 1st quarter. Tcfg Wealth Management LLC now owns 759 shares of the apparel retailer's stock valued at $215,000 after buying an additional 126 shares during the period. Opal Wealth Advisors LLC purchased a new stake in lululemon athletica during the 1st quarter valued at $59,000. Wealth Enhancement Advisory Services LLC raised its holdings in lululemon athletica by 22.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,953 shares of the apparel retailer's stock valued at $2,817,000 after buying an additional 1,855 shares during the period. Finally, Azzad Asset Management Inc. ADV purchased a new stake in lululemon athletica during the 1st quarter valued at $1,898,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LULU shares. Jefferies Financial Group decreased their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a report on Friday, June 6th. William Blair restated an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. Stifel Nicolaus decreased their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. CICC Research reiterated a "market perform" rating and issued a $280.49 target price on shares of lululemon athletica in a research note on Monday, June 9th. Finally, The Goldman Sachs Group reduced their target price on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, lululemon athletica presently has an average rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Price Performance

Shares of LULU stock opened at $228.65 on Thursday. lululemon athletica inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock's 50-day moving average is $282.95 and its 200 day moving average is $333.84. The company has a market cap of $27.40 billion, a P/E ratio of 15.49, a PEG ratio of 2.16 and a beta of 1.26.

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

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.

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