Twin Capital Management Inc. Purchases 1,354 Shares of lululemon athletica inc. (NASDAQ:LULU)

Twin Capital Management Inc. increased its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 58.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,676 shares of the apparel retailer's stock after acquiring an additional 1,354 shares during the period. Twin Capital Management Inc.'s holdings in lululemon athletica were worth $1,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Narwhal Capital Management increased its stake in lululemon athletica by 262.7% in 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 in the 1st quarter valued at about $9,209,000. Flossbach Von Storch SE increased its stake in lululemon athletica by 10.3% in 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 increased its stake in lululemon athletica by 18.5% in 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 in the 1st quarter valued at about $1,898,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Buying and Selling

In other lululemon athletica 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 completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

lululemon athletica Trading Down 1.8%

Shares of NASDAQ:LULU traded down $3.96 during midday trading on Thursday, reaching $220.07. 1,392,666 shares of the company were exchanged, compared to its average volume of 2,546,008. The business's fifty day moving average is $264.08 and its two-hundred day moving average is $308.74. lululemon athletica inc. has a one year low of $219.84 and a one year high of $423.32. The stock has a market cap of $26.38 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. lululemon athletica's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on LULU. Stifel Nicolaus decreased their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Morgan Stanley reissued an "equal weight" rating and set a $280.00 target price (down from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. TD Securities increased their target price on shares of lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Telsey Advisory Group reissued an "outperform" rating and set a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Finally, Bank of America reduced their target price on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $337.53.

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.