Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 198.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,282 shares of the apparel retailer's stock after buying an additional 80,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Lululemon Athletica worth $61,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in LULU. Alliancebernstein L.P. lifted its stake in Lululemon Athletica by 1,462.6% during the second quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer's stock worth $413,914,000 after purchasing an additional 1,023,578 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Lululemon Athletica by 51,219.6% during the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer's stock worth $351,868,000 after buying an additional 686,855 shares in the last quarter. Morgan Stanley increased its holdings in shares of Lululemon Athletica by 29.2% during the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer's stock worth $746,034,000 after buying an additional 437,069 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Lululemon Athletica by 7,310.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer's stock worth $116,720,000 after buying an additional 359,402 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer's stock valued at $719,198,000 after purchasing an additional 310,347 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other news, Director Martha A. M. Morfitt acquired 700 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company's stock, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

Lululemon Athletica Stock Up 1.3 %

Shares of NASDAQ LULU traded up $4.22 during mid-day trading on Tuesday, reaching $338.98. 2,145,634 shares of the company were exchanged, compared to its average volume of 1,762,386. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The stock has a market capitalization of $42.71 billion, a PE ratio of 27.76, a PEG ratio of 1.19 and a beta of 1.30. The company's 50 day moving average price is $427.21 and its 200 day moving average price is $439.92.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm's revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.40 EPS. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LULU shares. Needham & Company LLC decreased their price objective on Lululemon Athletica from $525.00 to $500.00 and set a "buy" rating for the company in a report on Friday, March 22nd. Barclays cut their price objective on shares of Lululemon Athletica from $610.00 to $546.00 and set an "overweight" rating on the stock in a research report on Friday, March 22nd. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a "market perform" rating in a research report on Friday, March 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $550.00 price target on shares of Lululemon Athletica in a research report on Friday, March 22nd. Finally, KeyCorp dropped their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $485.39.

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.