IFM Investors Pty Ltd Has $6.53 Million Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

IFM Investors Pty Ltd raised its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,059 shares of the apparel retailer's stock after purchasing an additional 2,299 shares during the quarter. IFM Investors Pty Ltd's holdings in lululemon athletica were worth $6,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in lululemon athletica during the 4th quarter worth $429,000. Assetmark Inc. raised its stake in shares of lululemon athletica by 2.0% during the fourth quarter. Assetmark Inc. now owns 1,651 shares of the apparel retailer's stock valued at $631,000 after purchasing an additional 33 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in lululemon athletica in the fourth quarter worth about $35,389,000. Raymond James Financial Inc. bought a new position in lululemon athletica in the 4th quarter valued at about $44,318,000. Finally, One Capital Management LLC bought a new position in lululemon athletica in the 4th quarter valued at about $210,000. Institutional investors own 85.20% of the company's stock.

Insider Transactions at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the 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 owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research analyst reports. Needham & Company LLC lowered their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Evercore ISI lifted their target price on lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Robert W. Baird dropped their price target on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 price target on shares of lululemon athletica in a report on Monday, June 2nd. Finally, Jefferies Financial Group lowered their price objective on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have given 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Stock Down 4.1%

Shares of NASDAQ:LULU traded down $10.11 during trading on Monday, reaching $237.57. 3,307,828 shares of the company traded hands, compared to its average volume of 2,331,625. The firm has a fifty day simple moving average of $277.60 and a 200 day simple moving average of $321.50. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The firm has a market cap of $28.47 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17.

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 (EPS) 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 firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the firm earned $2.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

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.