Flossbach Von Storch SE Purchases 130,565 Shares of lululemon athletica inc. (NASDAQ:LULU)

Flossbach Von Storch SE raised its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,401,885 shares of the apparel retailer's stock after acquiring an additional 130,565 shares during the quarter. lululemon athletica makes up about 1.7% of Flossbach Von Storch SE's portfolio, making the stock its 20th biggest position. Flossbach Von Storch SE owned approximately 1.16% of lululemon athletica worth $396,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LULU. TCTC Holdings LLC acquired a new stake in lululemon athletica in the 4th quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in lululemon athletica in the fourth quarter valued at approximately $30,000. Garde Capital Inc. purchased a new stake in lululemon athletica in the first quarter valued at approximately $35,000. MV Capital Management Inc. grew its stake in shares of lululemon athletica by 66.1% in the fourth 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. Finally, CENTRAL TRUST Co grew its stake in shares of lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

Shares of LULU traded up $5.72 during mid-day trading on Thursday, reaching $241.61. The company had a trading volume of 1,481,258 shares, compared to its average volume of 2,335,825. The company's 50 day simple moving average is $275.63 and its 200 day simple moving average is $319.36. The company has a market capitalization of $28.96 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.02 and a beta of 1.17. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business posted $2.54 EPS. lululemon athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the subject of several research analyst reports. Raymond James Financial restated a "market perform" rating and issued a $430.00 price objective on shares of lululemon athletica in a research note on Friday, March 28th. Stifel Nicolaus dropped their target price on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a report on Friday, June 6th. Bank of America lowered their price target 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. CICC Research reiterated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a report on Monday, June 9th. Finally, The Goldman Sachs Group decreased their price target on shares of lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $340.26.

Insider Transactions at lululemon athletica

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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate 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.