Narwhal Capital Management Has $5.32 Million Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Narwhal Capital Management lifted its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 262.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,777 shares of the apparel retailer's stock after buying an additional 13,600 shares during the period. Narwhal Capital Management's holdings in lululemon athletica were worth $5,315,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in lululemon athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of lululemon athletica in the 4th quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in lululemon athletica during the 4th quarter worth approximately $370,062,000. Alliancebernstein L.P. increased its holdings in 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 purchasing an additional 571,657 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after purchasing an additional 561,491 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LULU shares. Bank of America reduced their target price on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Morgan Stanley restated 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. CICC Research reissued a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. TD Securities raised their price objective on shares of lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their price target on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Up 3.3%

Shares of lululemon athletica stock traded up $7.37 on Tuesday, hitting $232.93. The stock had a trading volume of 3,748,846 shares, compared to its average volume of 2,267,435. The stock has a market cap of $27.92 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. lululemon athletica inc. has a twelve month low of $219.97 and a twelve month high of $423.32. The business's 50 day moving average is $281.04 and its two-hundred day moving average is $330.96.

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

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.