KLP Kapitalforvaltning AS Has $15.65 Million Position in lululemon athletica inc. (NASDAQ:LULU)

KLP Kapitalforvaltning AS boosted its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 42.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,300 shares of the apparel retailer's stock after buying an additional 16,500 shares during the period. KLP Kapitalforvaltning AS's holdings in lululemon athletica were worth $15,653,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Twin Capital Management Inc. increased its position in shares of lululemon athletica by 58.3% during the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after purchasing an additional 1,354 shares during the last quarter. Narwhal Capital Management raised its stake in shares of lululemon athletica by 262.7% in the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after acquiring an additional 13,600 shares during the period. Sawgrass Asset Management LLC purchased a new position in shares of lululemon athletica during the 1st quarter worth about $9,209,000. Flossbach Von Storch SE raised its position 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 worth $396,818,000 after purchasing an additional 130,565 shares during the period. Finally, Bender Robert & Associates boosted its position in shares of lululemon athletica by 18.5% during the first 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 period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LULU. Morgan Stanley restated an "equal weight" rating and set a $280.00 price objective (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. KeyCorp dropped their target price on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. The Goldman Sachs Group lowered their price target on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC reduced 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. Finally, Evercore ISI upped their price target on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $337.53.

lululemon athletica Trading Up 0.3%

NASDAQ:LULU traded up $0.74 during mid-day trading on Friday, hitting $219.43. The company had a trading volume of 2,629,124 shares, compared to its average volume of 2,563,510. lululemon athletica inc. has a 1 year low of $216.49 and a 1 year high of $423.32. The business has a fifty day simple moving average of $262.08 and a 200-day simple moving average of $307.52. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.90 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS 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 business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the company posted $2.54 earnings per share. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company's stock.

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.