lululemon athletica inc. $LULU Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of lululemon athletica inc. (NASDAQ:LULUFree Report) by 22.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,867 shares of the apparel retailer’s stock after acquiring an additional 12,086 shares during the period. Handelsbanken Fonder AB’s holdings in lululemon athletica were worth $13,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. Brighton Jones LLC acquired a new position in shares of lululemon athletica during the 4th quarter worth $429,000. NewEdge Advisors LLC raised its stake in shares of lululemon athletica by 5.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after buying an additional 186 shares during the last quarter. Glenview Trust co raised its stake in shares of lululemon athletica by 39.9% during the 2nd quarter. Glenview Trust co now owns 996 shares of the apparel retailer’s stock worth $237,000 after buying an additional 284 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of lululemon athletica during the 2nd quarter worth $508,000. Finally, Raymond James Financial Inc. raised its stake in shares of lululemon athletica by 10.7% during the 2nd quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer’s stock worth $26,759,000 after buying an additional 10,891 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Trading Up 1.3%

lululemon athletica stock opened at $126.76 on Friday. The stock has a market cap of $15.30 billion, a PE ratio of 9.53, a P/E/G ratio of 3.85 and a beta of 0.90. The stock has a 50-day moving average price of $148.72 and a 200 day moving average price of $173.10. lululemon athletica inc. has a 52 week low of $116.63 and a 52 week high of $340.25.

lululemon athletica (NASDAQ:LULUGet Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $6.14 EPS. On average, equities analysts predict that lululemon athletica inc. will post 12.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group cut their price target on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Bank of America cut their price target on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Citigroup dropped their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Telsey Advisory Group dropped their price objective on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, March 18th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and a consensus price target of $203.80.

Read Our Latest Research Report on lululemon athletica

More lululemon athletica News

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Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of the stock in a transaction on Friday, March 20th. The stock was bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the acquisition, the director directly owned 6,090 shares of the company’s stock, valued at $999,978. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andre Maestrini purchased 3,275 shares of the stock in a transaction on Wednesday, April 1st. The stock was acquired at an average price of $151.02 per share, with a total value of $494,590.50. Following the acquisition, the chief executive officer directly owned 34,551 shares in the company, valued at $5,217,892.02. This trade represents a 10.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by company insiders.

About lululemon athletica

(Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

Further Reading

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULUFree Report).

Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

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