National Asset Management Inc. Has $1.18 Million Stake in Lululemon Athletica inc. (NASDAQ:LULU)

National Asset Management Inc. raised its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 57.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,213 shares of the apparel retailer’s stock after acquiring an additional 2,268 shares during the period. National Asset Management Inc.’s holdings in Lululemon Athletica were worth $1,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Lululemon Athletica by 6.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock worth $11,914,000 after buying an additional 4,589 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 8.2% during the fourth quarter. AE Wealth Management LLC now owns 1,320 shares of the apparel retailer’s stock worth $306,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Lululemon Athletica by 46.2% during the fourth quarter. IFP Advisors Inc now owns 608 shares of the apparel retailer’s stock worth $139,000 after buying an additional 192 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Lululemon Athletica by 23.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,843 shares of the apparel retailer’s stock worth $2,744,000 after buying an additional 2,258 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in shares of Lululemon Athletica by 18.7% during the fourth quarter. NEXT Financial Group Inc now owns 1,546 shares of the apparel retailer’s stock worth $358,000 after buying an additional 244 shares in the last quarter. 81.87% of the stock is owned by institutional investors.

In related news, Director Dennis J. Wilson sold 89,455 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $223.58, for a total transaction of $20,000,348.90. Following the sale, the director now directly owns 3,852 shares in the company, valued at $861,230.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis J. Wilson sold 35,489 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $222.60, for a total transaction of $7,899,851.40. Following the sale, the director now owns 3,852 shares in the company, valued at $857,455.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 729,946 shares of company stock worth $140,796,220. 0.34% of the stock is currently owned by company insiders.

LULU traded up $9.20 during mid-day trading on Friday, hitting $276.73. The stock had a trading volume of 2,071,088 shares, compared to its average volume of 1,658,535. The stock’s fifty day simple moving average is $219.58 and its 200-day simple moving average is $222.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 2.08. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 3.45 and a beta of 0.96. Lululemon Athletica inc. has a 1-year low of $128.85 and a 1-year high of $277.02.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 26th. The apparel retailer reported $2.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Lululemon Athletica had a net margin of 16.22% and a return on equity of 39.88%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. As a group, research analysts expect that Lululemon Athletica inc. will post 4.69 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Deutsche Bank cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating and decreased their price target for the company from $264.00 to $197.00 in a research note on Friday, March 13th. Royal Bank of Canada increased their price target on shares of Lululemon Athletica from $195.00 to $225.00 in a research note on Friday, March 27th. Robert W. Baird decreased their price target on shares of Lululemon Athletica from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. Oppenheimer reissued a “buy” rating and set a $296.00 price target on shares of Lululemon Athletica in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $195.00 to $248.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $235.88.

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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