Zevenbergen Capital Investments LLC lowered its holdings in lululemon athletica inc. (NASDAQ:LULU) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 603,200 shares of the apparel retailer’s stock after selling 33,625 shares during the period. lululemon athletica makes up 1.6% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 24th largest position. Zevenbergen Capital Investments LLC owned about 0.45% of lululemon athletica worth $37,549,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in LULU. Teachers Advisors LLC raised its holdings in shares of lululemon athletica by 14.7% in the 1st quarter. Teachers Advisors LLC now owns 140,505 shares of the apparel retailer’s stock valued at $7,288,000 after acquiring an additional 17,954 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of lululemon athletica by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 284,524 shares of the apparel retailer’s stock valued at $14,755,000 after buying an additional 6,448 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of lululemon athletica by 77.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 190,439 shares of the apparel retailer’s stock valued at $11,363,000 after buying an additional 83,300 shares in the last quarter. Chickasaw Capital Management LLC purchased a new position in shares of lululemon athletica during the 2nd quarter valued at about $310,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of lululemon athletica by 6.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,918 shares of the apparel retailer’s stock valued at $1,427,000 after buying an additional 1,449 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of lululemon athletica inc. (NASDAQ LULU) opened at $66.79 on Monday. lululemon athletica inc. has a 1 year low of $47.26 and a 1 year high of $72.70. The firm has a market capitalization of $9,040.00, a P/E ratio of 30.64, a P/E/G ratio of 2.32 and a beta of 0.15.
lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The business had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. During the same period in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities analysts forecast that lululemon athletica inc. will post 2.43 EPS for the current fiscal year.
A number of equities analysts recently weighed in on LULU shares. Canaccord Genuity set a $41.00 price objective on lululemon athletica and gave the company a “sell” rating in a report on Tuesday, August 29th. BMO Capital Markets reissued a “hold” rating and set a $55.00 price objective on shares of lululemon athletica in a report on Thursday, November 2nd. Zacks Investment Research cut lululemon athletica from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Cowen Inc reissued an “outperform” rating and set a $68.00 price objective (up from $67.00) on shares of lululemon athletica in a report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and set a $72.00 price objective on shares of lululemon athletica in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica presently has an average rating of “Hold” and an average target price of $65.67.
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lululemon athletica Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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