lululemon athletica inc. (NASDAQ:LULU) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in lululemon athletica inc. (NASDAQ:LULU) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,599 shares of the apparel retailer’s stock after purchasing an additional 669 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in lululemon athletica were worth $7,246,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LULU. TCTC Holdings LLC acquired a new stake in shares of lululemon athletica in the 4th quarter worth $26,000. Anderson Financial Strategies LLC purchased a new stake in lululemon athletica in the 4th quarter valued at approximately $30,000. Garde Capital Inc. acquired a new position in lululemon athletica during the first quarter worth $35,000. MV Capital Management Inc. boosted its position in shares of lululemon athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 37 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of lululemon athletica by 154.9% during the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LULU shares. TD Securities lifted their price target on shares of lululemon athletica from $370.00 to $373.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $280.00 target price (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Citigroup decreased their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a “neutral” rating on the stock in a research report on Friday, June 6th. Stifel Nicolaus cut their target price on shares of lululemon athletica from $353.00 to $324.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Finally, KeyCorp lowered their price target on shares of lululemon athletica from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $340.26.

lululemon athletica Stock Up 0.5%

Shares of NASDAQ LULU opened at $246.30 on Thursday. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The business has a 50 day moving average price of $278.46 and a two-hundred day moving average price of $324.17. The firm has a market cap of $29.52 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.08 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 earnings per share. On average, analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer directly owned 110,564 shares of the company’s stock, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

lululemon athletica 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.