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

Flossbach Von Storch SE lifted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,401,885 shares of the apparel retailer's stock after purchasing an additional 130,565 shares during the quarter. lululemon athletica comprises 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 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. TCTC Holdings LLC purchased a new stake in lululemon athletica during the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new position in lululemon athletica in the fourth quarter worth approximately $30,000. Garde Capital Inc. purchased a new position in lululemon athletica in the first quarter worth approximately $35,000. MV Capital Management Inc. raised its holdings in lululemon athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 37 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The stock was 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 approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 0.8%

Shares of LULU traded down $2.01 on Friday, reaching $236.51. The company's stock had a trading volume of 1,666,302 shares, compared to its average volume of 2,337,897. lululemon athletica inc. has a twelve month low of $219.97 and a twelve month high of $423.32. The firm has a fifty day moving average of $275.03 and a 200-day moving average of $318.36. The stock has a market capitalization of $28.35 billion, a PE ratio of 16.02, a PEG ratio of 2.00 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. lululemon athletica's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 earnings per share. As a group, equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LULU. BMO Capital Markets decreased their price objective on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a report on Friday, June 6th. Robert W. Baird dropped their price target on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. JPMorgan Chase & Co. dropped their target price on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. Evercore ISI increased their price target on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group decreased their price objective on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, lululemon athletica has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.

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.