Achmea Investment Management B.V. Buys 3,330 Shares of lululemon athletica inc. (NASDAQ:LULU)

Achmea Investment Management B.V. grew its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,653 shares of the apparel retailer's stock after acquiring an additional 3,330 shares during the quarter. Achmea Investment Management B.V.'s holdings in lululemon athletica were worth $6,695,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of lululemon athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after acquiring an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of lululemon athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after acquiring an additional 10,461 shares during the last quarter. Capital World Investors boosted its position in shares of lululemon athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of lululemon athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after acquiring an additional 421,890 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $3.44 during mid-day trading on Friday, hitting $235.02. 6,198,966 shares of the stock traded hands, compared to its average volume of 2,292,461. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.16 and a beta of 1.26. The stock has a fifty day moving average price of $279.51 and a 200-day moving average price of $326.78.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. 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 previous year, the company posted $2.54 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. CICC Research reiterated a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. Telsey Advisory Group reissued an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a report on Monday, June 2nd. Needham & Company LLC decreased their price objective on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a report on Friday, June 6th. JPMorgan Chase & Co. decreased their price objective on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Finally, Barclays decreased their price objective on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

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.