Mirae Asset Global Investments Co. Ltd. Has $15.06 Million Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 43.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 51,380 shares of the apparel retailer's stock after selling 39,375 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in lululemon athletica were worth $15,057,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. TCTC Holdings LLC bought a new stake in lululemon athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica in the 4th quarter valued at approximately $30,000. Garde Capital Inc. bought a new stake in shares of lululemon athletica during the 1st quarter worth approximately $35,000. MV Capital Management Inc. boosted its position in shares of lululemon athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 37 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after acquiring an additional 79 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Stock Up 1.5%

Shares of LULU stock opened at $235.02 on Monday. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32. The firm has a 50 day moving average of $279.51 and a 200-day moving average of $326.35. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the company posted $2.54 earnings per share. The business's quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. KeyCorp lowered their price objective on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Needham & Company LLC lowered their price target on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday, June 6th. Wells Fargo & Company reissued an "equal weight" rating on shares of lululemon athletica in a report on Friday, June 6th. Evercore ISI boosted their price objective on lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, BTIG Research dropped their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.

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.

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