Bender Robert & Associates Has $12.73 Million Position in lululemon athletica inc. (NASDAQ:LULU)

Bender Robert & Associates grew its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,961 shares of the apparel retailer's stock after purchasing an additional 7,028 shares during the period. lululemon athletica makes up 3.2% of Bender Robert & Associates' portfolio, making the stock its 9th biggest position. Bender Robert & Associates' holdings in lululemon athletica were worth $12,727,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LULU. TCTC Holdings LLC acquired a new position in shares of lululemon athletica in the fourth quarter worth $26,000. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica in the fourth quarter worth $30,000. Kestra Investment Management LLC acquired a new position in shares of lululemon athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of lululemon athletica in the fourth quarter worth $32,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of lululemon athletica by 53.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Price Performance

Shares of NASDAQ LULU traded down $1.18 during mid-day trading on Friday, hitting $227.47. The company had a trading volume of 4,892,900 shares, compared to its average volume of 2,251,591. The business's 50-day simple moving average is $281.72 and its 200-day simple moving average is $332.27. lululemon athletica inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a market cap of $27.26 billion, a P/E ratio of 15.41, a PEG ratio of 2.09 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its 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 net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the company earned $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 year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company reissued an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. Robert W. Baird lowered their target price on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. KeyCorp lowered 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 report on Friday, June 6th. Citigroup lowered their target price on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Finally, CICC Research reissued a "market perform" rating and set a $280.49 target price on shares of lululemon athletica in a research report on Monday, June 9th. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.