lululemon athletica inc. (NASDAQ:LULU) Stock Position Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,690 shares of the apparel retailer's stock after acquiring an additional 53,659 shares during the quarter. Los Angeles Capital Management LLC owned 0.31% of lululemon athletica worth $106,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Narwhal Capital Management raised its stake in lululemon athletica by 262.7% during the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after buying an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in lululemon athletica during the 1st quarter valued at $9,209,000. Flossbach Von Storch SE raised its stake in lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after buying an additional 130,565 shares during the last quarter. Bender Robert & Associates raised its stake in lululemon athletica by 18.5% during the 1st quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock valued at $12,727,000 after buying an additional 7,028 shares during the last quarter. 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 institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LULU shares. BTIG Research reduced their price objective on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Bank of America reduced their price objective on lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Friday, June 6th. KeyCorp dropped their target price on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, June 6th. William Blair reaffirmed an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, lululemon athletica has an average rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica Stock Performance

Shares of LULU stock traded down $3.54 on Friday, reaching $229.77. 2,549,354 shares of the company were exchanged, compared to its average volume of 2,373,318. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.95 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. The business has a 50-day moving average price of $269.27 and a 200 day moving average price of $311.43.

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

Insider Activity

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's 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 approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Company 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.