Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by State Street Corp

State Street Corp trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,913,562 shares of the apparel retailer’s stock after selling 17,277 shares during the period. State Street Corp owned 2.24% of Lululemon Athletica worth $959,640,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its position in Lululemon Athletica by 34.1% during the 3rd quarter. Huntington National Bank now owns 119,442 shares of the apparel retailer’s stock worth $39,341,000 after purchasing an additional 30,386 shares in the last quarter. First Trust Advisors LP grew its position in Lululemon Athletica by 20.8% during the 2nd quarter. First Trust Advisors LP now owns 69,168 shares of the apparel retailer’s stock worth $21,581,000 after purchasing an additional 11,891 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Lululemon Athletica by 23.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,278 shares of the apparel retailer’s stock valued at $3,831,000 after buying an additional 2,304 shares during the period. Biltmore Capital Advisors LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $203,000. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Lululemon Athletica by 5.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 3,011 shares of the apparel retailer’s stock valued at $1,045,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Shares of LULU stock opened at $345.74 on Friday. Lululemon Athletica Inc. has a 1 year low of $128.85 and a 1 year high of $399.90. The firm’s 50 day moving average is $335.80 and its 200-day moving average is $318.73. The firm has a market capitalization of $45.05 billion, a price-to-earnings ratio of 83.92, a PEG ratio of 3.99 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.18. Lululemon Athletica had a net margin of 13.94% and a return on equity of 29.52%. The company had revenue of $902.90 million for the quarter, compared to analyst estimates of $847.38 million. During the same period in the prior year, the business earned $0.96 earnings per share. Lululemon Athletica’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 4.26 earnings per share for the current year.

LULU has been the subject of a number of research reports. Citigroup lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and lifted their target price for the company from $340.00 to $400.00 in a research note on Thursday, September 3rd. Stifel Nicolaus lifted their target price on shares of Lululemon Athletica from $365.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and lifted their target price for the company from $298.00 to $396.00 in a research note on Wednesday, October 28th. Bank of America reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Lululemon Athletica in a research note on Wednesday, September 30th. Finally, BNP Paribas lowered shares of Lululemon Athletica from an “outperform” rating to a “neutral” rating and set a $352.00 price objective for the company. in a research note on Thursday, August 27th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica currently has a consensus rating of “Buy” and a consensus price target of $358.91.

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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