KBC Group NV Boosts Stake in lululemon athletica inc. (NASDAQ:LULU)

KBC Group NV raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 37.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,366 shares of the apparel retailer's stock after acquiring an additional 18,493 shares during the quarter. KBC Group NV owned approximately 0.06% of lululemon athletica worth $19,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Aljian Capital Management LLC boosted its stake in shares of lululemon athletica by 14.5% in the first quarter. Aljian Capital Management LLC now owns 4,239 shares of the apparel retailer's stock worth $1,200,000 after acquiring an additional 536 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of lululemon athletica by 10.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 321,175 shares of the apparel retailer's stock worth $90,912,000 after acquiring an additional 29,364 shares during the period. Patron Partners LLC boosted its stake in shares of lululemon athletica by 37.9% in the first quarter. Patron Partners LLC now owns 910 shares of the apparel retailer's stock worth $258,000 after acquiring an additional 250 shares during the period. Lafayette Investments Inc. boosted its stake in shares of lululemon athletica by 13.3% in the first quarter. Lafayette Investments Inc. now owns 1,015 shares of the apparel retailer's stock worth $287,000 after acquiring an additional 119 shares during the period. Finally, Achmea Investment Management B.V. boosted its stake in shares of lululemon athletica by 16.4% in the first quarter. Achmea Investment Management B.V. now owns 23,653 shares of the apparel retailer's stock worth $6,695,000 after acquiring an additional 3,330 shares during the period. 85.20% of the stock is owned by institutional investors.

lululemon athletica Trading Up 3.2%

Shares of NASDAQ:LULU traded up $7.54 during trading on Tuesday, reaching $245.12. The company's stock had a trading volume of 3,873,875 shares, compared to its average volume of 2,301,440. lululemon athletica inc. has a 12 month low of $219.97 and a 12 month high of $423.32. The firm's 50 day simple moving average is $279.19 and its two-hundred day simple moving average is $325.27. The stock has a market capitalization of $29.38 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $2.54 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent analyst reports. TD Securities upped their price objective on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. BMO Capital Markets dropped their price objective on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research note on Friday, June 6th. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Evercore ISI increased their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Finally, UBS Group dropped their price objective on shares of lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.